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Record all journal entries on december first

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On December 1st Bell Tire had a new engine put into an 18-wheeler that is used to transport large inflatable slides and other inflatables. The new engine will extend the life of the truck by 10 years. The cost of the new engine was $28,000. The truck had been purchased in 2005 at a cost of $125,000, with a 20-year life and a zero-salvage value. The truck was being depreciated using straight-line.

Question 1: Record all journal entries on December 1st.

Reference no: EM132604188

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