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What adjusting entry is needed on december

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Point 1: On July 1, 20X1, Geer Produce purchased a delivery truck for $36,000 for business use. The truck is expected to have a 24-month service life, and is depreciated by the straight-line method that produces a uniform amount of expense for each period.

Question 1: What adjusting entry is needed on December 31, 20X1?

Reference no: EM132472686

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