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Martin purchased a delivery truck on January 1, 2017 for $75,000. The estimated useful life of the delivery truck is 5 years, the salvage value

Martin purchased a delivery truck on January 1, 2017 for $75,000. The estimated useful life of the delivery truck is 5 years, the salvage value is $10,000, and the company uses the straight-line method to depreciate fixed assets.

Required: Record the journal entry that Martin would make at the end of the 5th year if the delivery truck was old for $6,800.

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