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Exercise 10-7 (Part Level Submission) Linton Company purchased a delivery truck for $31,000 on January...

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Accounting

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Exercise 10-7 (Part Level Submission) Linton Company purchased a delivery truck for $31,000 on January 1, 2017. The truck has an expected salvage value of $1,700, and is expected to be driven 108,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,200 in 2017 and 11,200 in 2018. (al) (b1) Assume that Linton uses the straight-line method. Prepare the journal entry to record 2017 depreciation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers too 2,125) decimal places, e.g Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Attempts: o of i used SAVE FOR LATER SUBMIT ANDWER

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