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On January 1, Year 1, Pearson Moving Companypaid $34,900 cash to purchase a truck. The truck was expected to have an eight year useful life
On January 1, Year 1, Pearson Moving Companypaid $34,900 cash to purchase a truck. The truck was expected to have an eight year useful life and an $3,100 salvage value. If Pearson uses the straight-line method, the amount ofaccumulated depreciationrecognized on the Year 3 balance sheet is $_______
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