=+Dec. 31. Record depreciation for the new truck. It has an estimated trade-in value of $13,500 and

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=+Dec. 31. Record depreciation for the new truck. It has an estimated trade-in value of $13,500 and an estimated life of 10 years.

2010 July 1. Purchased a new truck for $82,000, paying cash.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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