The following transuctions and acjusing entries were completed by Legacy Funsee Co. durng a 3-yeat period All are telated to the use of delvery equpment. The dovbledecling-belance method of dacrocintan is us Year 1 Jan 4. Purchased a used delivery truck lor 532,000 . poying cash Nov 2 Pad gagage $950 for miscelaneous tepairs to the truck. Dec. 31. Recerded depreciation on the truck toe the yeas. The essmated usotulte of the truck la 4 years, with a teidupl value of $2.000 tor the theck Yoar 2 Jan. 6. Purchased a new truck lor seo, 000, paying caph Aat. 1. Sold the used truck for 516.000 . (Hocoed depreciation b dale in Year 2 lor the vuck) June 11. Paid garage $110 tor miscelaneous ropais to the truck. Dc.31. Aecond depreciation tor the new truck. Hhas an estmated resilial value of 57,000 and an estmued He of 5 year Year 3 July 1. Purchased a new iruck for 585,000 , paymo canh trick) Dec at Pecorsed depreciation on the remaining tivck. th hat an evtimated resitual vate of 56,005 and an estimated uiedul He of 8 years. Aequired