Please help me problem vii

Problem VI - Plant Asset Disposal Entries (15 points) Prepare the necessary journal entries to record the following transactions in 2016 for BCTH Co. March 1 Discarded old store equipment that originally cost $20,000 and had a book value of $4,000 on the date of disposal. Assume depreciation on the equipment has already been recorded for the current year. July 31 Sold a delivery truck for $8,000. The delivery truck originally cost $30,000 and had accumulated depreciation of $24.000 on the date of sale. Assume the depreciation on the truck has already been recorded for the current year. Sept. 30 Equipment with a 4-year useful life was purchased on January 1, 2012, for $16,000 and was sold for $5,000. The equipment had been depreciated using the straight-line method with an estimated salvage value of $4,000. Depreciation Expense was last recorded on December 31, 2015. Problem VII - Depreciation Methods (15 points) The following information is available for BC&TL Company, which has an accounting year-end of December 31, 2016. 1. A delivery truck was purchased on June 1. 2015, for $50,000. It was estimated to have a $5,000 salvage value after being driven 100,000 miles. During 2016, the truck was driven 30,000 miles. The units-of-activity method of depreciation is used. 2. A building was purchased on January 1, 1979. for $8.800,000. It is estimated to have a $80,000 salvage value at the end of its 40-year useful life. The straight-line method of depreciation is being used. 3. Store equipment was purchased on January 1, 2015, for $90,000. It was estimated that the store equipment would have a $9.000 salvage value at the end of its 5-year useful life. The double-declining-balance method of depreciation is being used. Instructions Complete the table shown below by filling in the appropriate amounts and show computations supporting your answers. Accumulated Depreciation 1/1/16 Depreciation Expense for 2016 Book Value at 12/31/16 Assets $ $ S 12.500 Delivery truck $ Building $8,066,000 $ Store equipment $ 36,000 THE END