On January $1,2023,$ Henderson, Inc. acquired a deliver van for $$63,000,$ paying $$8,000$ in cash and obtained a note payable for the remainder. In addition, the company paid cash for the following: $$3,000$ in sales tax and $$2,000$ in other items to get the truck ready for its intended use. The estimated useful life of the delivery van is $5$ years, with an estimated residual value of $$9,000.$ The delivery van is expected to be driven $200,000$ miles during its useful life. The delivery van was driven $35,000$ miles in $2023.$

Required:

A$.$ Prepare the journal entry required to record the full acquisition of the delivery van

B$.$ Prepare the journal entries for the year $1$ depreciation using each of the following:

Straight$-$line depreciation

Units of production

Double declining balance