Required information Knowledge Check 01 On December 29, 2020. Patel Products, Inc, sells a delivery van that cost $20,000. The equipment had accumulated depreciation of $16,000 at December 31, 2019. Annual depreciation on this equipment is $2,000 computed using straight-line depreciation. Complete the necessary journal entry to bring the accumulated depreciation up-todate by selecting the account names from the drop down menus and entering the dollar amounts in the debitor credit columns. View transaction list Journal entry worksheet On December 29, 2020, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumulated depreciation of $16,000 at December 31, 2019. Annual depreciation on this equipment is $2,000 computed using straight-line depreciation Note: Enter debits before credits Date General Journal Debit Credit Dec 29 Record entry Clear entry View general journal