ABC Company purchased a truck on $07/01/23$ for $$75,000.$ The estimated residual value is $$5,000$ and the estimated life is four years.. ABC Company uses the Straight Line method. Required: $1)$ Compute the Depreciation and Record the Journal Entry at $12/31/23.2)$ What is the Book Value of the asset at $12/31/243)$ On $01/02/25$ the truck is sold for $$59,000.$ Record the Journal Entry for the sale.