On April 1, Conner Inc. buys a Vehicle for $57,000 cash. Connor estimates the vehicle will be used to generate revenues in the business for 5 years and that they can sell the vehicle at the end of 5 years for $3,000.

What is the journal entry to record the purchase on April 1

DR: vehicle, cash, building, or accumulated depreciation (Amount: 3,000, 54,000 or 57,000)

CR: vehicle, cash, accumulated depreciation, or depreciation expense (Amount: 3,000, 54,000, or 57,000)