AP-3A LO 3 On January 1, 2018, Parts2U purchased a van for $34,000. The company plans to retire the van after it has been driven for 150,000 miles, at which time the residual value is expected to be $4,000. The van was driven 10,000 miles in 2018. Prepare the journal entry to record depreciation of the van on December 31, 2018, using the units- of-production method. Date Account Title and Explanation Debit Credit