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Bramble Company purchased a delivery truck for $26000 on Jan 1, 2020. The truck has an expected salvage value of $1160, and is expected to
Bramble Company purchased a delivery truck for $26000 on Jan 1, 2020. The truck has an expected salvage value of $1160, and is expected to be driven 108,000 miles over its estimated useful life of 10 years. Actual miles driven were 15,500 in 2020 and 14,700 in 2021. 
(51) Assume that Bramble uses the straight-line method. Prepare the journal entry to record 2020 depreciation. (Credit account titles are automatically indented entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts. Round answers to 2,125.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show. Work
Bramble Company purchased a delivery truck for $26000 on Jan 1, 2020. The truck has an expected salvage value of $1160, and is expected to be driven 108,000 miles over its estimated useful life of 10 years. Actual miles driven were 15,500 in 2020 and 14,700 in 2021.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0697789938
