Question: please help will thumbs up Marks Incorporated purchased a delivery truck on October 1, 2022, for $220,000 with an estimated 10-year life and $30,000 residual

please help will thumbs up please help will thumbs up Marks Incorporated purchased a delivery truck on

Marks Incorporated purchased a delivery truck on October 1, 2022, for $220,000 with an estimated 10-year life and $30,000 residual value. Marks uses struight-line depreciation. The delivery truck was sold on April 30, 2024, for $125,000. PART A Prepare the journal entry to record depreciation in 2024. [2. points] PART B Prepare the journal entry to record the sale of the equipment. [8 points]

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