ts ces On January 1, 2023, Vin Diesel Inc purchases a fleet of six vehicles for $50,000 each. They pay cash for the purchase. Vin Diesel expects they will be able to use the vehicles to generate revenue for four years, at which point they will be sold for scrap for $2,000 each. What is the total purchase price of the vehicles? Prepare the journal entry to record the purchase of the vehicles. DR: CR: What is the total salvage value for all six vehicles? Zoom What is the useful life in months? ect ces ort What is the monthly depreciation expense that Vin Diesel will record? Prepare the journal entry to record one month's depreciation. DR: CR: What is the Net Book Value of the Vehicles on December 31, 2023?