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On January, Year 1, a $100,000 truck was purchased for cash and then depreciated using straight-line and assuming a 5-year life and $10,000 salvage value.
On January, Year 1, a $100,000 truck was purchased for cash and then depreciated using straight-line and assuming a 5-year life and $10,000 salvage value. The purchase of the truck appears under A.___________ activities on the Statement of Cash Flows in the amount of B. $______________ for Year 1. - Activity: - Amount: A. Operating B. Investing C. Financing D. It does not appear on the Statement of Cash Flows. E. $(100,000) F. $(90,000) G. $0 H. $90,000 I. $100,000
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