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Truck Cost Estimated Residual Value Estimated Useful Life Accumulated Depreciation at Beginning of Year Miles Operated During Year 1 75000 5000 250000 21000 30000 2
Truck | Cost | Estimated Residual Value | Estimated Useful Life | Accumulated Depreciation at Beginning of Year | Miles Operated During Year |
1 | 75000 | 5000 | 250000 | 21000 | 30000 |
2 | 38600 | 3600 | 200000 | 31500 | 25000 |
3 | 35000 | 3000 | 100000 | 8000 | 36000 |
4 | 28000 | 4000 | 120000 | 21000 |
Journalize the entry to record depreciation for the year
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