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22. On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four year

22. On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four year useful life and an $8,000 salvage value. If Marino uses the double-declining-balance method, Which of the following shows how the adjusting entry to recognize depreciation expense at the end of Year 3 will affect the Companys financial statements? a- Balance Shee Assets Cash Truck Acc. Dep. Liab. Equity 4,000 NA NA NA 4,000 NA ncome Statement Expo Net Inc. 4,000 4,000 Cash Flow Statement NA b- Picture c- Picture d- Picture

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