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What is the balance in the accumulated depreciation account

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Question - Sofa Mia purchased a delivery truck on April 1st, 2022 for $40,000. The truck has an estimated life of 10 years and a salvage value of 0. Assume Sofa Mia correctly records adjusting entries at the end of each fiscal year on December 31st. What is the balance in the Accumulated Depreciation account associated with the truck on January 1st, 2024?

Reference no: EM133126952

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