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Analysis of Adjusted Data Selected adjusted balances for Coyle Company are shown below as of January 31. The firm uses a calendar-year accounting period and
Analysis of Adjusted Data Selected adjusted balances for Coyle Company are shown below as of January 31. The firm uses a calendar-year accounting period and makes monthly adjustments. Adjusted Balances as of January 31 Supplies $2,400 Supplies expense 2,880 Prepaid insurance 1,722 Insurance expense 246 Wages payable 1,500 Wages expense 9.600 Truck 26,100 Accumulated depreciation 7,830 d. If the truck has a useful life of five years, what is the monthly amount of depreciation expense? $ 0 X How many months has Coyle owned the truck? 0 x months
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