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Open24
Level 1

Accoululate Depriciation

I want to put my personal car on balance company because full-year car used for business. The car was bought in 2020 - $23,384.50 on a loan (6 years-72 mo.) $35,00 was my investment. So, the loan partially paid for about 2 years. At the beginning 2023 loan amount was $15,489.82. How do I need to journalize transactions of accumulated if depreciation ex[ence is written off by miles two years?

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