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Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%, 2-month nite for the remaining balance.
Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%, 2-month nite for the remaining balance. The truck is expected to depreciate $6,000 each year. Janus coat company prepares monthly financial statements. 
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