You requested a depreciation schedule for Delivery Trucks of Happy Corporation showing the additions, retirement, depreciation and other data affecting the income of the entity in the 4-year period 2018 to 2021. The Delivery Trucks account consists of the following as of January 1, 2018: Truck No. 1 purchased January 1, 2015, cost P180,000 Truck No. 2 purchased July 1, 2015, cost 220,000 Truck No. 3 purchased January 1, 2017, cost 300,000 Truck No. 4 purchased July 1, 2017, 240.000 The Delivery Trucks - Accumulated Depreciation account previously adjusted to January 1, 2018, and duty entered to the ledger, had a balance on that date of P302,000 (depreciation on the 4 trucks from respective date of purchase, based on five-year life, no salvage value). No charges have been made against the account before January 1, 2018. Transactions between January 1, 2018 and December 31, 2021, and their record in the ledger were as follows: July 1, 2018 - Truck No. 3 was traded for larger one (No. 5), the agreed purchase price of which was P340,000. Happy Company paid the automobile dealer P150,000 cash on the transaction. The entry was debit to delivery Trucks and a credit to Cash, P150,000