10. Plant and equipment to be depreciated are composed of the following: Create the Journal entries that correspond with the depreciation activity.

Estimated

Assets	Date Acquired		Cost			Usage or Life		Salvage Value		Depreciation Method
Building	7/1/14			$306,000	25 years		$20,000		Sum of years digits
Truck No. 1	4/1/15			28,000	60,000 miles		3,100		miles driven
Truck No. 2	9/1/17			33,000	60,000 miles		4,200		miles driven
Lift No. 1	8/17/11			7,900	10 years		900		straight-line
(Sold 12/31/18)
Lift No. 2	3/29/14			4,500	10 years		500		straight-line
Lift No. 3	9/16/16			5,000	10 years		500		straight-line
Office	All prior to			32,800	7 years		2,000		straight-line
Equipment	1/1/18
Computer	12/22/18			6,100	4 years		1,300		Double-declining balance

Truck No. 1 has been driven 45,000 miles prior to 1/1/18 and truck No. 2 has been driven 30,500 miles prior to 1/1/18. During 2018 truck No. 1 was driven 12,000 miles and truck No. 2 was driven 14,000 miles. Remember that the Total Plumbing Company takes a half-years depreciation in the year of acquisition and a half-year in the year of sale.