Kathy's kitchen bought a van to deliver kathy's famous pies. The van cost $20,000. Kathy estimates that, with the hard use the van will get, it will be of use for four years. At the end of the four years, it will be sold for parts for $2,000.

Using this information first determine the monthly depreciationexpense using the straight line methose and then make the journel entry to record depreciation expense in january