Grouper Delivery Services has a December $31,2024,$ yearend. On January $1,2024,$ Grouper has a delivery van with a cost of $$32,000$

and accumulated depreciation of $$12,900.$ The van was expected to have a residual value of $$4,100$ and a useful life of five years.

Grouper uses straight$-$line depreciation. Grouper plans to replace its delivery van on April $1,2024,$ and is considering two alternatives:

Grouper has been offered $$13,900$ for the old van. If Grouper accepts this offer, Grouper would then purchase a replacement

for $$50,200$ cash.

Trade the old van for a new one. The dealer will allow a $$21,900$ trade$-$in allowance on the old van, and Grouper will have to pay

additional cash of $$28,300.$

$($a$)$

Record the updated depreciation on the old van to April $1,2024.($Credit account titles are automatically indented when the amount is

entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Apr. $1$

eTextbook and Media

List of Accounts

Attempts: $0$ of $3$ used

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.