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Bellow are the transactions finished by Missic Co. during a two-year period. The straight-line method of depreciation is used for plant assets. 2019 Jan. 7.

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Bellow are the transactions finished by Missic Co. during a two-year period. The straight-line method of depreciation is used for plant assets. 2019 Jan. 7. Purchased a used delivery truck for S34.500, paying cash. Jan. 7. Paid the repair and maintenance center $1.500 for adding a lift to make it more convenient in delivering merchandising inventories Dec. 31. Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is seven years, with a residual value of $1,000 for the truck 2020 Jan. 8. Invests $850.000 in a quarry estimated to have 10 million tons of stone and no residual value. Feb. 1. Purchased a new truck to deliver stone from the quarry to the warehouse for $75,000, paying cash Apr. 30 Obtaining a patent with an estimated economic life of 10 years for $240.000, Dec. 31. Record depreciation for the 2 trucks and armotisation for the patent. Given the new truck has an estimated useful life of 10 years. Dec. 31 In the first year, Misoic extracts and sells 260,000 tons of stone. Record the depletion for the first year Requirements: Journalise these transactions into the book of Misoic Co. for 2 years 2019 and 2020 (Show calculation

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