depreciation for year 2 and 3

ni 1. 11 My Subscriptions 01 Business Case Return to course Accounting for Plant Assets Ethan Corporation had the following transactions related to its delivery truck: Year 1 Purchased for $28.000 cash a new truck with an estimated useful life of four years and a value of $4.000. Feb 20 Irtaled a new set of side view mirrors at a cost of 580 cash. June 9 Paid 125 for an engine tuneup, wheel balancing and a periodic chassis Lubrication Pada 5410 repar bil for the uninsured portion of damages to the truck caused by Ethan's can driver. Dec. 31 Recorded depreciation on the truck for the year Year 2 May installed a set of parts bons in the truck at a cost of $950 cash. This expenditure was not expected to increase the salvage value of the truck. Dec. 31 Recorded depreciation on the truck for the year Year 3 Dec 31 Recorded deprecation on the truck for the year Ethans's depreciation policies include (1) using straight-line depreciation (2) recording depreciation to the nearest whole month, and (3) ex expenditures of $100 or less Requed Prepare journal entries to record these transactions and adjustments. Round all answers to the nearest dollar Year 1 Year 2 Year 3 Date Debit General Journal Description Type here to search Credit