Compute the following: a. Jules & Co. purchased a vehicle for $30,000 with a useful life of five years and no expected salvage value. Prepare the adjusting journal entry for the first year (consider full year) using the straight-line depreciation method, and compute the book value of the asset at the end of the second year of the equipment's life. IB Inc. pays its employees every 2 weeks. On January 5, 2016, the Company paid $3,000 corresponding to 10 days of Dec 2015 and 5 days of Jan 2016. Prepare the adjusting entry on December 31 to reflect the correct wages for 2015. b. 1. Use Journal Entries when needed, and 2. just show the value of the fixed assets for the second part of the first