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Tasty Subs acquired a food - service truck on October 1 , 2 0 2 4 , for $ 1 2 0 , 0 0
Tasty Subs acquired a foodservice truck on October for $ The company estimates a residual value of $ and a fouryear service life.
Required:
Calculate depreciation expense using the straightline method for and assuming a December yearend.
Determine the financial statement effects of the depreciation in
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