Need help for #6

Bill's Photos buys a truck on 4/1/2000 for the business. The cost is 150.000 and they expect to use it for 6 years and expect a salvage value at that time of $6,000. Use straight line depreciation. PAY ATTENTION TO THE DATES 1. Describe the purchase of the truck with a journal entry: Date 4/1/2000 Truck Account Debit Credit $150,000.00 Cash $150,000.00 2. Describe the first MONTHS (one Month) depreciation with a journal entry: 4/30/2000 Debit Credit Date Account 4/30/2000 Depreciation expense Accumulated depreciation 2000.00 2000.00 3. They decide to sell the truck on 10/31/2004. What is the net book value at this time? Annual Depreciation = 24000 24000 Depreciation For 2000 = 18000 Depreciation For 2001 = 24000 Depreciation For 2002 = 24000 Depreciation For 2003 = 24000 Depreciation For 2004 = 20000 (10 months) 40000 4. The truck is sold for 12,000 cash on 10/31/2004. Describe this with a journal entry. Date 10/31/2004 Debit Credit Account Cash A/C Accumulated Depreciation Loss On Sale of Truck Truck $12,000.00 $110,000.00 $28,000.00 $150,000.00 Go back to the original assumptions. Assume they used miles driven as the method of depreciation. They believe it will be used 100,000 miles with the same 6.000 salvage value. 5. Describe the first months depreciation if they drive the truck 3,000 miles. Date 4/30/2000 Debit Credit 4320.00 Depreciation Alc Accumulated Depreciation 4320.00 6. If they drive it for 90,000 miles and sell it for $5,000, create the journal entry