ACC 201 Test #3 SPRING 2020 Show the details of your answers to receive full credit. 1) On January 1, 2016, BMC corporation acquired a Bus for $200,000. Residual value was estimated to be $20,000. The Bus can be driven for 50,000 miles over the next three years. Actual usage of the bus was recorded as 8,640 miles for the first year. Give the journal entry to record depreciation for the first year calculated as per the units-of-production method. (Do not round your intermediate calculations.) (20pts)