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Acquisition and Depreciation of Assets Vandre Oil Company, which prepares ?nancial statements on a calendar-year basis, purchased new drilling equipment on July 1, 2012, using

Acquisition and Depreciation of Assets

Vandre Oil Company, which prepares ?nancial statements on a calendar-year basis, purchased new drilling equipment on July 1, 2012, using check numbers 1035 and 1036. The check totals are shown here, along with a breakdown of the charges.

1035 (Payee

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