Apex Trucking purchased a truck for $ 100,000 on January 1, 2020. The useful life of the truck was estimated to be either five years or 200,000 miles. Salvage value was estimated at $20,000. Over the actual life of the truck, it logged the following miles:

At the end of the sixth year, the truck was sold for $12,000.
Prepare the journal entries to record depreciation over the life of the truck and its sale, assuming these methods:
1. Activity method
2. Straight-line method

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Year 1 48,000 miles Year 2 35,000 miles 40,000 miles 25,000 miles Year 3 Year 4 Year 5 35,000 miles 10,000 miles Year 6