Rachel had purchased a Van for her company, I am a photographer and not a dental hygienist Inc. she is doing business as CRAY. The van cost her $$100,000$ and has a useful life of $20$ years, it also has a salvage value of $$20,000$ at the end of its useful life. What is the Journal Entry when Rachel purchased the van? $($Purchased for Cash$)$

a$.$

Dr Van $$100,000$; Cr Cash $$100,000$

b$.$

Dr Equipment $$80,000$; Cr Cash $$80,000$

c$.$

Dr Cash $$100,000$; Cr Van $$100,000$

d$.$

Dr Van $$80,000$; Cr Dividend $$80,000$