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Record entry of new engine and depreciation adjustment

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On August 20th, Carlos had a new engine put into an 18-wheeler. The new engine will extend the life of the truck by 10 years. The cost of the new engine was $28,000. The truck had been purchased in 2005 at a cost of $125,000, with a 20-year life and a zero-salvage value. The truck was being depreciated using straight-line.

Question 1: Record entry of new engine and depreciation adjustment.

Reference no: EM132604223

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