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On January $1,2023,$ Parts$2$U purchased a van for $$34,680.$ The company plans to retire the van after it has been driven for $236,000$ kilometres, at which time the residual value is expected to be $$4,000.$ The van was driven $19,000$ kilometres in $2023.$ Prepare the journal entry to record depreciation of the van on December $31,2023,$ using the units$-$of$-$production method.

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Round the per$-$unit rate to $2$ decimal places.

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Date

Account Title and Explanation

Debit

Credit

Dec $31$

To record depreciation

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