Transactionsi fer Fixod Assots, Inclucing Sale

Year $1$

lam. $4$ Thurchased a used delvery truck for $$15,360,$ paying wash.

Nov. $2$ Fhid qaraqe $$240$ for misoullanesus repairs to the truck.

Ooc. $31$ mocerded depreciation on the truck for the yeie. The estimated uwiful fife of the truck is $4$ ywirs, with a ribidlual wabe of

$53,200$ for the truck.

Yoar $2$

lam. $6$ Thrchased a n$$m truck for $$0,600,$ paring cash.

Jume $11$ fhat para$$e $$230$ for miscellanewus repairs to the truck.

Ooc. $31$ mocerd degrebiation for the tww truck. It has an cstimated residual value of $$1,600$ and an cstimated fife of $5$ years.

Year $3$

July $1$ Furchased a n$$m truck for $580,000,$ paying cash.

OA$.2$ Sold the truck purchased lamaary $6,$ Yeie $2,$ for $$3,480.($Rested dopreciatisn to date for Year $3$ for the truck.$)$

Obc. $31$ mocerded depreciation on the remaining truck purchabaed an July $1.$ It Mas an estimated residual value of $$16,000$ and

an totimated usoful tife of eight vears.

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