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Plant, Property, and Equipment: please provide all required journal… Plant, Property, and Equipment: please provide all required journal entries (account,amounts) for each fiscal year for the following individual piece of equipment: Pleaseshow your work and assume a December 31 year end.Year 1: April 1, 2020 – purchased a truck for $75,000. The truck has an expecteduseful life of 10 years, and a residual value of $5,000.Year 2: any required entriesYear 3: The truck was sold on January 1 for its net book value. Accounting Business Financial Accounting ACCT 1006

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