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Current Attempt in Progress Btossom Company purchased a delivery truck for $40,000 on July 1,2025...

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Accounting

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Current Attempt in Progress Btossom Company purchased a delivery truck for $40,000 on July 1,2025 . The truck has an nopected salvage value of $2,000, and is expected to be driven 100.000 miles over its estimated uieful uife of 8 years. Actual miles driven were 15.000 in 2025 and 12.000 in 2026. Blossam uies the straightiline method of deprecistion. (a) Compute derieciation expente for 2025 and 2026 Show how the truck would be reported in the December 31, 2026, balance sheet

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