Assume Trusty Transport Lid's balance sheet includes the following assets under Property, Plant, and Equipment Land Buildings, and Motor Camer Equipment Trusty has a separate accumulated depreciation account for each of these assets except land Further, assume that Trusty completed the following transactions (Click the icon to view the transactions.) Requirements 1 Record the transactions in Trusty Transport Lid's journal 2. How does management choose which depreciation method to use? Requirement 1. Record the transactions in Trusty Transport Lid's journal January 2, 2020 Sold motor-carrier equipment with accumulated depreciation of S64 800 (cost of $129,000) for $72,000 cash Purchased similar now equipment with a cash price 5186,000 Journalize the sale of the molot camner equipment (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Jan 2. Record the purchase of the new motor carrer equipment Journal Entry Date Accounts Debit Credit Jan Choose from any list or enter any number in the input fields and then continue to the next