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Pharaoh company purchased a delivery truck for $32,400 on January 1, 2020. The truck has an expected salvage value of $2,400, and is expected to
Pharaoh company purchased a delivery truck for $32,400 on January 1, 2020. The truck has an expected salvage value of $2,400, and is expected to be driven 100,000 miles over its estimated useful life of eight years. Actual miles driven were 13,600 in 2020 and 12,120 in 2021. 
Assume that Pharoah uses the straight line method. Show how the truck would be reported in the December 31, 2020, balance sheet. (Hound answers to o decimal places ...125.) Pharoah Company Partial Balance Sheet December 11, 2070 The picture below is the step I need help with. I have the previous steps as well, If that information is needed I can provide it. Thank you!
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Auditing A Risk Analysis Approach
Authors: Larry F. Konrath
5th Edition
032405789X, 9780324057898
