15.4. A truck was purchased on January 1, 19X8, for $8,500, with an estimated scrap value of...

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15.4. A truck was purchased on January 1, 19X8, for $8,500, with an estimated scrap value of $500. It will be depreciated for 8 years using the straight-line method. Show how the Truck account and the related Accumulated Depreciation account would appear on the balance sheet on

(a) December 31, 19X8;

(b) December 31, 19X9.

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