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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: A city government purchased a new fire truck in Year 1 for $270,000. The city in
Post by: goji.go on Oct 21, 2014
A city government purchased a new fire truck in Year 1 for $270,000. The city incurred an additional $30,000 in transportation and calibration costs to ready it for use. It has an estimated useful life of 20 years, though it is being financed over a 15 year period. The amount of depreciation that will be reported each year in the General Fund will be
A.   $0.
B.   $13,500.
C.   $15,000.
D.   $18,000.


Title: Re: A city government purchased a new fire truck in Year 1 for $270,000. The city in
Post by: f_zah1 on Oct 22, 2014
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Title: Re: A city government purchased a new fire truck in Year 1 for $270,000. The city in
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: A city government purchased a new fire truck in Year 1 for $270,000. The city in
Post by: f_zah1 on Oct 23, 2014
You're very welcome!