Dizel Mechanics bought a Truck on 1 January 2018 for $25,000. The equipment is expected to have a useful life of 8 years and a residual value of 2,000. The year end for the business is 31 December. Required: a. Show the journal entry to record the purchase of the truck on 1 January 2018. (2 marks) b. Calculate the depreciation expense for the year ended 31 December 2019 using the straight- line method. (2 marks) c. Show the journal entry to record depreciation expense on 31 December 2019. (2 marks) d. What is the carrying value of the truck on 31 December 2019?. (2 marks)