The Moss Piano Company purchased a Delivery Truck on January $1,2024$ the cost of the asset, the salvage value and the useful life information is provided in the table below.

Cost:

$30,000$

Salvage Value:

Useful Life in Years:

$3,000$

$5$

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

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

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

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

Complete the depreciation table assuming the company uses straight$-$line depreciation. Round to the WHOLE DOLLAR.

Year

Depreciation Expense

Accumulated Depreciation

Book Value

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

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

$\backslash$table$[[$Date$,$A$,$L$,$SE$,$R$,$E$,$NI$,$CF$],[31-$Dec,,,,,,Ascount,$],[,,,,,,$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. Round to the WHOLE DOLLAR.

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

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