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The following information was drawn from the accounting recordsof Chapin Company.On January 1, Year 1, Chapin paid $56,000 cash topurchase a truck. The truck had

The following information was drawn from the accounting recordsof Chapin Company.On January 1, Year 1, Chapin paid $56,000 cash topurchase a truck. The truck had a five-year useful life and a$6,0 1 answer

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