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On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four year
On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four year useful life and an $8,000 salvage value. If Marino uses the straight-line method, which of the following shows the adjusting entry to recognize depreciation expense at the end of Year 2? Multiple Choice Accounts Titles Debit Credit Accumulated Depreciation 20,000 Depreciation Expense 20,000 Accounts Titles Debit Credit Depreciation Expense 20,000 Accumulated Depreciation 20,000 Accounts Titles Debit Credit Accumulated Depreciation 10,000 Depreciation Expense 10,000 Accounts Titles Debit Credit Depreciation Expense 10,000 Accumulated Depreciation 10,000 < Prev 4 Su 6 "
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