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How many months has Sassy Corp owned the truck

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Question - Sassy Corp. uses a calendar-year accounting period but prepares monthly adjustments. Sassy has recorded all adjusting entries as of January 31, 2021. The firm has a balance of 118,800 in the Truck account and a 24,750 balance in the accumulated depreciation account at January 31, 2021. The truck has been estimated to have a useful life of six years with no salvage value. How many months has Sassy Corp. owned the truck?

Reference no: EM132592684

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