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July 23, 2014

Homework Help: Financial Accounting

Posted by gdlola on Thursday, May 26, 2011 at 9:02pm.

I am so lost on this. I need to prepare adjusting journal entry for this.

The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded.


In my general ledger is says truck = $26,000 and the building = 100,000
The building

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