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Harvey Auto Parts purchased a new crane on September 1 for $35,000, paying $10,000 cash and signing a 7%, 12-month note for the remaining
Harvey Auto Parts purchased a new crane on September 1 for $35,000, paying $10,000 cash and signing a 7%, 12-month note for the remaining balance, interest to be paid at maturity. The c to have a 20-year useful life. Harvey Auto Parts prepares annual financial statements every December 31, What was the account debited for the acquisition of the Crane on September What was the credit for the acquisition of the Crone on September What was the amount of the depreciation expense in the adjusting entry for the Crone on December hat? Do not round intermediate steps Round the final depreciation amount up to the nearest dollar What was the account debited for the adjusting entry for the Crane what was the account credited for the austing entry for the What would be the carrying value of the Crane on the Bolance Sheet on December
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