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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.?

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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 ...

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