Solved: The mchenry company purchased a truck for 54000 on jan 4, Cost Accounting

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The mchenry company purchased a truck for 54000 on jan 4

The Mchenry company purchased a truck for 54,000 on Jan 4, 2010. Paid $275.00 in Feb for oil change Dec 31 record the depreciation on the truck for the fisical year. The estimated useful life of the truck is 8 years witha residual value of $12,000.00.

What are the journal entries for Dec 31 portion. I keep coming up with different answers.

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Cost Accounting: The mchenry company purchased a truck for 54000 on jan 4

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Cost Accounting: The mchenry company purchased a truck for 54000 on jan 4

Reference No:- TGS0777316

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