Assume that Lenard Company purchases a delivery truck for $$30,000$ cash. The sales tax is $$1,200,$ painting, and lettering costs $$8,000.$ The company paid $$600$ for a driver's license and prepaid insurance for $$1,400.$ The salvage value of the truck is $$10,000,$ and its useful life is $8$ years.

Instructions:

$1-$ Record the purchase of the delivery truck and related expenses.

$2-$ Compute the depreciation expense under the straightline method for the first year and record the entry.

$3-$ Compute the depreciation expense under the doubledeclining method for the first year and record the entry.

$4-$ If the company disposes of the delivery truck through a sale for $$17,000$after $4$ years, record the entry

$**$ Note : I would like to answer on paper $,$ please $.$