thats all there was for an explination there is two different questions

Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Wildhorse Co. retires its delivery equipment, which cost $40,850. Accumulated depreciation is also $40,850 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,110 instead of 40,850 . Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $140,000. Over its 4 year useful life, the bus is expected to be driven 240,000 miles. Salvage value is expected to be $9,200. (a) Compute the depreciation cost per unit. (Round answer to 3 decimal places, es. 6.251) Depreciation cost per unit eTextbook and Media Attempts: 0 of 3 used