Sheridan Company purchased a delivery truck for $44,000 on July 1, 2022. The truck has...
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Sheridan Company purchased a delivery truck for $44,000 on July 1, 2022. The truck has an expected salvage value of $8,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Sheridan uses the straight-line method of depreciation. Accou View Accou e Ques Accou Ques Accoun (b) Prepare the journal entry to record 2022 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.) Ques Accoun Ques Accoun Account Titles and Explanation Debit Credit Quest Account Quest Account Quest
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