You calculate partial year depreciation, you do not get it for the full year. Post the partial year depreciation to your accounts.
Assuming you have a fixed asset account for the vehicle, the accumulated depreciation, and the loan
Create an income account called gain/loss on asset
journal entries, the *** means use the balance in that account
debit gain/loss, credit fixed asset vehicle***
debit vehicle accumulated depreciation***, credit gain/loss
debit loan 22K, credit gain/loss
enter the payment for the loan from the bank, 3K, use the loan account as the expense for the payment
Be sure to make this transaction known to the tax accountant, tax treatment for this is weird.
