The following transactions and adjusting entries were completed by Robinson Furniture Coduring a three-year period. Arrated to the delivery weet The doubled method of deprecation is used Year 1 Jan. 8. Purchased used delivery truck for $47,040, paying cash, Mar. 7. Paid garage 110 for changing the all, replacing the liter, and tuning the engine on the delivery truck Dec. 31. Recorded depreciation on the truck for the fiscal year. The estimated unetut life of the truck is 7 years, with a residus i vinter er s9,900 for me truck Year 2 Jan. 9. Purchased a new truck for $87,480, paying cash Feb. 28. Paid garage $270 to tune the engine and make other minor repairs on the used truck Apr. 30 Sold the used truck for $29,050. (Record depreciation to date in Year 2 for the truck Dec. 31. Record depreciation for the new truck. It has an estimated trade-in value of 515,700 and an estimated te lo per Year 3 Sepe. Purchased a new truck for $85,000, paying cash Sept. Sold the truck purchased January 9, Year 2, for $60,560. (Record depreclution to date in Year 3 for the truck.) Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $15,000 and an estimated telef 10 years