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On January 1, Year 1, Marino Moving Company paid $100,000 ca…
On January 1, Year 1, Marino Moving Company paid $100,000 cash to purchase a truck. The truck was expected to have a four-year useful life and an $34,000 salvage value. If Marino uses the straight-line method, the amount of accumulated depreciation shown on the Year 2 balance sheet is:
On January 1, Year 1, Marino Moving Company paid $100,000 ca…
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On Jаnuаry 1, Yeаr 1, Marinо Mоving Cоmpany paid $100,000 cash to purchase a truck. The truck was expected to have a four-year useful life and an $34,000 salvage value. If Marino uses the straight-line method, the amount of accumulated depreciation shown on the Year 2 balance sheet is: