Adjustmenting entry for depreciation talil, a landscape contractor purchased a new truck on January 1, 1998 for birr 25000 the depreciation for 1998 is birr 5000. A, journalize the adjusting entry to record the depreciation for 1998. B, what is the book value of the truck on December 31, 1998? C, if the adjusting entry for depreciation was not made , which items on the income statement and/ or the balance sheet will be overstated or understated
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