Beerbo purchased a truck for $41,000 cash. Beerbo expects to use the truck for 5 years. At the end of its useful life, Beerbo expects to sell the truck for $1,000 cash. Assume Beerbo has a December 31 fiscal year-end.

Assume Beerbo purchased the truck on January 1, 2020 and depreciated the truck using the units-of-production method. After driving the truck 100,000 miles, Beerbo sells the truck for $2,000 cash. What is the journal entry that Beerbo would record for the sale? Assume all depreciation to-date has been recorded.

Assume Beerbo purchased the truck on January 1, 2020 and depreciated the truck using the straight-line method. On December 31, 2024, Beerbo sells the truck for $500 cash. What is the journal entry that Beerbo would record for the sale? Assume all depreciation to-date has been recorded.

Assume Beerbo purchased the truck on January 1, 2020 and depreciated the truck using the double-declining-balance method. On December 31, 2024, Beerbo sells the truck for $1,000. What is the journal entry that Beerbo would record for the sale? Assume all depreciation to-date has been recorded.