Disposal of Property, Plant, and Equipment

Small Company sold a delivery truck on April 1, 2013. Swann had acquired the truck on January 1, 2009, for $32,450. At acquisition, Small had estimated that the truck would have an estimated life of 5 years and a residual value of $4,950. At December 31, 2012, the truck had a book value of $10,450. Small uses the straight-line method.

Required:

1a. Prepare any necessary journal entries to record the sale of the truck, assuming it sold for $10,175: For compound entries, if an amount box does not require an entry, leave it blank or enter "0".

Depreciation	Depreciation Expense	?
	Accumulated Depreciation		?
Sale	Cash	10175	0
	Accumulated Depreciation	?	0
	Truck	0	?
	Gain on Disposal of PPE	0	?