Tower Company owned a service truck that was purchased at the beginning of Year 1 for $43,000. It had an estimated life

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answerhappygod
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Tower Company owned a service truck that was purchased at the beginning of Year 1 for $43,000. It had an estimated life

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Tower Company owned a service truck that was purchased at thebeginning of Year 1 for $43,000. It had an estimated life of threeyears and an estimated salvage value of $4,000. Tower company usesstraight-line depreciation. Its financial condition as of January1, Year 3, is shown on the first line of the horizontal statementsmodel.
In Year 3, Tower Company spent the following amounts on thetruck:
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