In $2023,$ Staged Home Ltd$.$ completed the following transactions involving delivery trucks:

July $5$ Traded in an old truck and paid $$17,600$ in cash for furniture. The accounting records on July $5$ showed the cost of the old truck at $$46,500$ and related accumulated depreciation of $$7,750.$ The furniture was estimated to have a six$-$year life and a $$9,068$ trade$-$in value. The invoice for the exchange showed these items:

$\backslash$table$[[\backslash$table$[[$Price of the furniture $($equal to its$],[$fair value$)]],],[$Trade$-$in allowance,$(34,500)$

$2.$ Record the depreciation.

Required $1$&$2.$