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How truck accout related accumulated depreciation account

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Reference no: EM13512659

A truck was purchased on January 1, 2000, for $8,500, with an estimated scrap value of $500. It will be depreciated over 8 years using the straight-line method.

Show how the Truck account and the related Accumulated Depreciation account would appear on the balance sheet on (a) December 31, 2000; (b) December 31, 2001.

Reference no: EM13512659

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