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The Kurtz Corporation purchased a delivery vehicle on May 1, 2021 for $27,840 and expects to use it for eight years at which time
The Kurtz Corporation purchased a delivery vehicle on May 1, 2021 for $27,840 and expects to use it for eight years at which time it can be sold fr an estimated $2,400. If the company sells the equipment for $13,880 on December 31, 2024, how much gain or loss would be recorded in the company's financial statements for that January? Use a positive number to indicate a gain or a negative number to indicate a loss. The Currie Company started operations this month and had the following transactions: 1 Owners invested $10,000 to start company 1 Purchased a six month insurance policy for $600 12 Purchased $400 of supplies 20 Customers paid for $600 of services in advance. 25 Completed $1,200 of services for another customer. 30 Paid $4,200 in employee payroll. At the end of the month, $180 of supplies were on still hand. What amount of total assets does the company have at the end of the month?
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