On January 1,2015,Roadway Delivery Company purchased a truck for $10,000.Depreciation Expense is $1,000 per year.During the first year of use,the company paid $1,000 to repaint the truck and $2,000 for new tires.What amount is expensed in the first year of use of the truck?
A) $1,000
B) $2,000
C) $3,000
D) $4,000
Correct Answer:
Verified
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