on January 1, 2014, Cane Industries purchased a truck for $51,000. At the time, Cane estimated the truck to have a useful life of 8 years and a residual value of $3.000. On March 31, 2019, the truck was sold for $18,000. Cane uses the straight-line depreciation method. Partial-year depreciation is calculated based on the number of months the asset is in service. Journalize the entry for the SALE of the truck (only) on March 31, 2019. Account PR Debit Credit Date 18,000 31.500 ACC. Repr. Loss on sale Truck S1.000 35. raft Company purchased a patent from Tommie Company for $50,000 on January 1, 2017. The remaining legal life was 12 years, but Kraft estimated the patent would be useful for 10 years The patent was carried on Tommie's accounting records at a net book value of $35,000 when Tommie sold it to Kraft. Effective January 1, 2019, Kraft estimates that the remaining life of the patent purchased from Tommie is only five more years. Journalize the entry to amortize the patent on December 31, 2019. PR Date Account Credit Debit 81000 Amort exp Patent 8,000 36. A company added a new wing to its manufacturing building at a cost of $1,950,000. The new wing substantially increases the productive capacity of the plant. The company paid $800,000 in cash and assumed a note payable for the remainder. Journalize the entry for this addition PR Debit Credit Account Date Building ND cash 13.950pod 1,150,oo 800,000