=+Jan. 6. Purchased a used delivery truck for $24,000, paying cash. July 19. Paid garage $500 for
Question:
=+Jan. 6. Purchased a used delivery truck for $24,000, paying cash.
July 19. Paid garage $500 for miscellaneous repairs to the truck.
Dec. 31. Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $4,000 for the truck.
2009
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