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A Company Purchased Ten Delivery Vehicles at a Cost of $20,000

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A company purchased ten delivery vehicles at a cost of $20,000 each and used the group depreciation method. Which of the following entries would be correct when recording the subsequent sale of a vehicle for $8,500 group accumulated depreciation is $88,000)? A company purchased ten delivery vehicles at a cost of $20,000 each and used the group depreciation method. Which of the following entries would be correct when recording the subsequent sale of a vehicle for $8,500 group accumulated depreciation is $88,000)?

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