\begin{tabular}{|l|l|} \hline & Jada Company had the following transactions during the year: Purchased a machine for $500,000 using a long-term note to finance it Paid $500 for ordinary repair Purchased a patent for $45,000 cash Paid $200,000 cash for addition to an existing building Paid $60,000 for monthly salaries -Paid $250 for routine maintenance on equipment Paid $10,000 for extraordinary repairs If all transactions were recorded properly, what amount did Jada capitalize for the year, and what amount did Jada expense for the year? \\ \hline Capitalized & Expensed \\ \hline \end{tabular} On March 1, 2020, Montello Inc. purchases a delivery truck for $15,000 with cash. The E2. truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the straight-line depreciation method. Calculate the annual depreciation expense and make the necessary transactions for purchase and depreciation in Year 1 and Year 2