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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 useful
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, the journal entry required to recognize depreciation expense at the end of Year 2 is Multiple Choice Credit Recount Titles Depreciation Expense Necumulated Depreciation Debit 20.000 20,000 Credit Account Titles Accumulated Depreciation Depreciation Expense Debit 10.000 10.000 Part 2 of 6 Credit Account Titles Depreciation Expense Accumulated Depreciation Debit 20,000 20,000 points eBook Credit Ask Account Titles Accumulated Depreciation Depreciation Expense / Debit 10.000 Print 10,000 References Credit Account Titles Depreciation Expense Accumulated Depreciation Debit 10.000 10,000 Credit Account Titles Accumulated Depreciation Depreciation Expense Debit 20.000 20,000
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