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January 1: Purchased a fleet of vehicles for $350,000 via a loan from the bank. The trucks have a useful life of six years. The loan is for six years with an interest rate of 4.3%. The company already owned $200,000 of vehicles prior to this purchase with an accumulated depreciation of $80,000.

June 30: Book the depreciation for the first half of the year on the vehicles you purchased January 1.

June 30: Book the interest for the first half of the year on the fleet of vehicles you purchased January 1.