Capital versus revenue expenditures

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January 10th, 2018

Exercise 8-11 Capital versus revenue expenditures page 4002. Determine the amount of depreciation for the year 2014 . The company uses the straight line method and depreciates the building over 25 years and the truck over six years. Assume zero residual value for all assets.3. How would the assets appear on the balance sheet of December 31 2014?

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