needing help due tonight

John Wallace purchased a delivery truck costing $40,000 for his dirt moving business on January 3, 2020. He expects the truck to last 10 years and have a residual value of $10,000. U. Prepare the 1 year depreciation entry for the truck. Date Description PR Dehit Credit V. What is the carrying value of the truck after year 3? W. John Wallace changes the oil in the delivery truck on January 2, paying $200 for the change and new filters. Record the expenditure. Description Dehit Creelit DATE PR X. John Wallace sells his delivery truck after January of year 4 for $28,000. Record the sale of the delivery truck on January 10, 2024. Description Dehit Credit Date PR Y. John Wallace purchased a Van on August 1, 2020 for 28,000. He expects the useful life to be 5 years and the van to have a residual value of 4,000. Prepare the year-end adjusting entry for depreciation. Date Description PR Debit Credit