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On July 1, 2023 Bonita's Greenhouse purchased a new delivery truck for $80,000. Bonita estimates that the delivery truck will have a five-year useful
On July 1, 2023 Bonita's Greenhouse purchased a new delivery truck for $80,000. Bonita estimates that the delivery truck will have a five-year useful life, or 90,000 kilometres, and a residual value of $8,000. Bonita's Greenhouse has a December 31 year end. Bonita drove the truck 17,000 km in 2023 and 36,000 km in 2024.
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
