Steps for

$1$ The Moss Piano Company purchased a Delivery Truck on May $1,2024$ the cost of the asset, the salvage value and the useful life information is provided in the table below. The miles driven by the truck each year $2$ were $2024,77220$ miles; $2025,120120$ miles; $2026,137280$ miles; $2027,85800$ miles; $2028,64350$ miles.

$3$

$4$

$5$

Cost:

$300,000$

Salvage Value: $,30,000$

Useful Life in Units: $429,000$

January $1-$ Record the purchase of the delivery truck.

$\backslash$table$[[$Date$,$A$,$L$,$SE$],[1-$Jan,,,$],[,,,],[,,,]]$

$\backslash$table$[[R,E,$NI$,CF,$Account,DR$,$CR$],[,,,,,,],[,,,,,,]]$

Complete the depreciation table assuming the company uses units$-$of$-$activity depreciation. Round the per mile rate to the PENNY. Round depreciation to the WHOLE DOLLAR.

Year

Depreciation Expense

Accumulated Depreciation

Book Value

$\backslash$table$[[2024,,],[2025,77,220,],[2026,,],[2027,,],[2028,,]]$

$\backslash$table$[[1,$Book Value$],[1,],[,],[,40,541]]$

December $31-$ Record the depreciation expense for $2024.$

$\backslash$table$[[$Date$,$A$,$L$,$SE$],[31-$Dec,,,$],[,,,],[,,,]]$

$\backslash$table$[[R,$E$,$NI$],[,,],[,,],[,,]]$

CF

$\backslash$table$[[$Account$,$DR$,$CR$],[,,],[,,],[,,]]$

December $31-$ Sold the asset for $$0$ on December $31,2027.$ If more than one debit or credit is needed, place them in alphabetical order.

$\backslash$table$[[$Date$,$A$,$L$,$SE$],[2.31-$Dec,,,$],[,,,],[,,,],[,,,]]$

$\backslash$table$[[R,E,NI$