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    Accounting Equation

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    WHEN RECORDING A TRANSACTION IN ACCOUNTING FOR A PURCHASE FOR A "VEHICLE" FOR A COMPANY, LIKE A COMPANY TRUCK, IF THE ASSET IS RECORDED AS AN EXPENSE, WHAT DOES THIS DO TO THE BASIC ACCOUNTING EQUATION AND WHAT DOES IT DO TO INCOME.?

    © BrainMass Inc. brainmass.com June 3, 2020, 6:37 pm ad1c9bdddf
    https://brainmass.com/business/accounting/accounting-equation-67914

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    Hi there,

    First, normally an item like a truck would not be allowed to be expensed right away as it would provide the orgnization a lasting benefit. It is ...

    $2.19

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