On January 1, 2019, Carson Corp purchases a tow truck for $120,000 to add to their fleet of tow trucks. They estimate a residual value of $10,000 and expect a useful life of 10 years. They also estimate 2000,000 miles of use. In 2019 they drive the two trucks 28,000 miles.

Requirement 1: Prepare the 2019 depreciation journal entry on December 31, 2019, and provide the value of the tow truck as of December 31, 2019, using straight-line depreciation

requirement 2: Prepare the 2019 depreciation journal entry on December 31, 2019, and provide the value of the tow truck as of December 31, 2019, using double-declining balance depreciation

Requirement 3: Prepare the 2021 depreciation journal entry on December 31, 2019, and provide the value of the tow truck as of December 31, 2019, using activity based depreciation.

Need 3 total journal entries and book value of the trick at the end of year for the three methods