Transactions for fixed assets, including sale depreciation is used.

Year $1$

January $8.$ Purchased a used delivery truck for $$38,400,$ paying cash.

March $7.$ Paid garage $$200$ for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck.

December $31.$ Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is $8$ years, with a residual value of $$8,100$ for the truck.

Year $2$

January $9.$ Purchased a new truck for $$44,100,$ paying cash.

February $28.$ Paid garage $$350$ to tune the engine and make other minor repairs on the used truck.

April $30.$ Sold the used truck for $$25,300.($Record depreciation to date in Year $2$ for the truck.$)$

December $31.$ Record depreciation for the new truck. It has an estimated residual value of $$7,900$ and an estimated life of $7$ years.

Year $3$

September $1.$ Purchased a new truck for $$81,000,$ paying cash.

September $4.$ Sold the truck purchased January $9,$ Year $2,$ for $$26,800.($Record depreciation to date for Year $3$ for the truck$)$

December $31.$ Recorded depreciation on the remaining truck. It has an estimated residual value of $$14,600$ and an estimated useful IIfe of $10$ years.

Required:

Year $1,$ January $8$

Delivery Truck

March $7$

Truck Repair and Maintenance Expense

neramhar $31$

Depreciation Expense$-$Deliverv Truck

$8\mathrm{.}100$