Prepare Journal entries

Post to t-account

Find Book value

-A non-profit purchases shuttle to drive clients to appointments on 1/119

-The buss purchased by issuing at $160,000 not payable

-It is estimated that the buss will have a life span of 4 years

-The bus is expected to run for 100,000 miles

-After the bus is done being used it will be sold foe $40,000

2a. Assume the non profit records depreciation once a year on 12/31 (straight line method)

2b. Assume the non profit records depreciation once a year on 12/31 (units of production method)

-during 2019 the nonprofit used the bus for 20,000 miles