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(a) On July 2014, Rise with the Sun Ltd purchased a truck for $26 400 (GST inclusive) The truck had a useful life of 6

(a) On July 2014, Rise with the Sun Ltd purchased a truck for $26 400 (GST inclusive) The truck had a useful life of 6 years and a residual value of $3 000 The company uses straightline depreciation method


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Prepare the journal entry to record the disposal of the truck at the end of 6 years Rise with the Sun Ltd balances its accounts on 30 June Assume that the truck has been depreciated over its useful life and that it cannot be sold or exchanged (it is being scrapped)

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