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Brown's Salvage Auto purchased a delivery truck on January 1, 2017, costing $70,000, with an estimated residual value of $8,000 and an estimated untite of
Brown's Salvage Auto purchased a delivery truck on January 1, 2017, costing $70,000, with an estimated residual value of $8,000 and an estimated untite of 5 years. Suppose Brown's Salvage Autosold the truck on December 31, 2018. for $34,000 cash, ter using the truck for three full years. Amortization for 2010 has already been recorded. Make the journal entry to record Brown's Salvage Auto's sale of the truck underwrite amortization (Do not round Intermediary calculations. Only round your answers to the nearest dollarRecord debits first, then credits. Exclude explanations from joumal untre) General Journal Date Accounts Debit Credit Dec 31, 2010
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