I knew the answersbut I don't know why.

$ +40,000 A firm bought a truck paying $30,000 down and financing the rest with a two-year note payable for $40,000, what was the change in the firm's total assets as a result of this purchase? $ -20,000 In the previous item [#9], when the firm paid off half of the note payable, what would have been the change in the firm's total assets? You may depreciation on the truck and interest on the