- Record the journal entries fo these Adj. Entries.

j. Plant and equipment to be depreciated are composed of the following: Estimated Usage or Life Depreciation Method Date Acquired Salvage Value Cost S306,000 25 years $20,000 Assets Building Sum of years' digits 60,000 miles 3,100 Truck No. 1 28,000 miles driven 60,000 miles Truck No. 2 33,000 miles driven 4,200 Lift No. 1 (Sold 12/31/18) 7,900 10 years 900 straight-line 3/29/14 10 years Lift No. 2 straight-line 4,500 500 5,000 32,800 9/16/16 All prior to 500 2,000 Lift No. 3 Office Equipment 10 years 7 years straight-line straight-line 6,100 Double-declining balance Computer 12/22/18 4 years 1,300 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-year's depreciation in the year of acquisition and a half-year in the year of sale