Depreciation and Disposal Pipes a Million (PAM) a plumbing supply company purchased a used van on April 1, 2015. The cost. including taxes and transportation was $50,000. PAM expects to use the van for 4 years and they estimate that at the end of its 4 year useful life it will have a salvage value of $2,000. PAM uses straight-line depreciation. A) Record the purchase of the asset. Date Account Name Debit Credit B) Complete the depreciation table below. Period Ended Depreciation Expense Accumulated Depreciation End of Period Book Value December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 C) Record the entry for December 31, 2015 to record the depreciation for the year. Date Account Name Debit Credit D) Suppose PAM sells the van on December 31, 2017 for $15,000 cash. Provide the journal entry on PAM's books to record the sale