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Current Attempt in Progress A company purchased a delivery truck on June 1 for $ 3 8 , 4 0 0 , paying $ 1

Current Attempt in Progress

A company purchased a delivery truck on June

1

for $

38, 400,

paying $

12, 800

cash and signing a

6 %, 2 -

month note for the remaining balance. The truck is expected to depreciate $

7, 680

each year. The company prepares monthly financial statements.

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