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a. Greer Electronics Company acquires a delivery truck on September 1, 2014, for $50,000 cash. It expects the automobile to have a $14,000 residual 1value

a. Greer Electronics Company acquires a delivery truck on September 1, 2014, for $50,000 cash. It expects the automobile to have a $14,000 residual 1value and a 4- year useful life.

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