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what is the depreciation expense and accumulated depreciation equipment ? Skysong, Inc. purchased a delivery truck for $30,000 on January 1, 2022. The truck has
what is the depreciation expense and accumulated depreciation equipment ?
Skysong, Inc. purchased a delivery truck for $30,000 on January 1, 2022. The truck has an expected salvage value of $4,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,800 in 2022 and 15,000 in 2023. Assume that Skysong uses the straight-line method. Prepare the journal entry to record 2022 depreciation. (Credit occount ttiles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts) Step by Step Solution
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