A company purchased a truck for $5,000 on January 1 and as of December has not recorded any depreciation. The truck is e

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answerhappygod
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A company purchased a truck for $5,000 on January 1 and as of December has not recorded any depreciation. The truck is e

Post by answerhappygod »

A company purchased a truck for $5,000 on January 1 and as of
December has not recorded any depreciation. The truck is estimated
to have a useful life of 5 years, and straight-line depreciation is
used. What is the proper entry to record the year-end adjustment
for depreciation?
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