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purchased a delivery truck on january Micron Auto purchased a delivery truck on January 1, 2017, costing $65,000, with an estimated residual value of $7,000

purchased a delivery truck on january
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Micron Auto purchased a delivery truck on January 1, 2017, costing $65,000, with an estimated residual value of $7,000 and an estimated useful life of 4 years. Suppose Make the journal entry to record Micron Auto's sale of the truck under straight-line amortization (Do not round intermediary calculations. Only round (pur answers to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entu General Journal Date Accounts Debit Credit Dec 31, 2019 of 4 years. Suppose Micron Auto sold the truck on December 31, 2019, for $31,000 cash, after using the truck for three full years. Amortization for 2019 has already been recorded stions from Journal entries.)

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