Depreciate methods: S/L (Straight Line), Production units, Sum of digits Facts: The Truck cost $65,000, purchased on April 1, 2020. Its estimated lifespan is 6 years with junker value of $5,000. It has a 120,000 mile or 6-year warranty whichever comes first. As of December 30, he had traveled 12,000 miles. Determine the annual depreciation expense (a) for each method. Then, in (b), make the accounting adjustment entries as of December 31, 2020.

(a) S/L = $___________ b) DR $__________ CR $ _________

a) Production units = $ __________ b) DR $ __________ CR $ _________

a) Sum of digits = $ ____________ b) DR $__________ CR $ _________