In the recent years, PT Agrees has purchased three delivery trucks. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method of each delivery truck, and various methods have been used. Information concerning the delivery trucks is summarized in the table below. Acquired Cost Delivery Truck B Salvage Value $ 10,000 $ 7,500 Useful Life (in years) 10 July 1, 2012 January 1, 2013 $115,000 $ 95,000 Depreciation Method Straight-line Double declining- balance Units-of-activity C January 1, 2013 $ 106,000 $ 6,000 5 For the delivery truck C, the truck is expected to be driven 150,000 miles. Actual miles of use in the first 3 years were: 2013: 2,800, 2014: 3,200; 2015: 3,300. Required: 1. 2. 3. 4. Prepare journal entries for purchasing those delivery trucks in cash. Compute the amount of depreciation expense of each delivery truck per December 31, 2013. Prepare journal entries for (2). Prepare the depreciation table for delivery truck A. Page 3 of 4 Year Book Value Beginning Depreciation Rate Annual Depreciation Expense Accumulated Depreciation Book Value Ending