On January 2, 2018, Claymore Corporation purchased a vehicle for $60,000 cash. The company uses straight-line depreciation and estimates that the vehicle will have a five-year useful life. The company has a December 31 year end and adjusts its accounts annually. - Your answer is partially correct. Indicate the statement of financial position presentation of the vehicle at December 31, 2018 and 2019. CLAYMORE CORPORATION Statement of Financial Position (partial) December 31 2019 2018 Property, Plant, and Equipment Vehicles C 6 0000 60000 60000 60000 Less : Accumulated Depreciation - Vehicles 12000 24000 Carrying Amount 48000 36000 List of Accounts