Antonio's Pizza has a delivery truck it purchased for $30,000.The truck has an estimated useful life of six years and will be worthless at the end of that time.In the partial balance sheet below,show exactly how the truck would be disclosed after it has been used for two years.Also calculate total assets.
$$\begin{array} { | l c r | }
\hline & \begin{array} { c }
\text { Antanio's Pirra } \
\text { Partial Ealance sheat } \
\text { December 31, 2010 }
\end{array} \
\hline \text { Cash } & & \$ 10,000 \
\text { Prepaid rent } && 3,000 \
\text { Truck } & &\underline{\quad\quad} \
\text { Total as5ets } & & \$\underline{\quad\quad}\
\hline
\end{array}$$

Question

Antonio's Pizza has a delivery truck it purchased for $30,000.The truck has an estimated useful life of six years and will be worthless at the end of that time.In the partial balance sheet below,show exactly how the truck would be disclosed after it has been used for two years.Also calculate total assets.
 $$\begin{array} { | l c r | } 
\hline & \begin{array} { c } 
\text { Antanio's Pirra } \
\text { Partial Ealance sheat } \
\text { December 31, 2010 }
\end{array} \
\hline \text { Cash } & & \$ 10,000 \
\text { Prepaid rent } && 3,000 \
\text { Truck } & &\underline{\quad\quad} \ 
\text { Total as5ets } & & \$\underline{\quad\quad}\
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Antonio's Pizza has a delivery truck it purchased for $30,000.The truck has an estimated useful life of six years and will be worthless at the end of that time.In the partial balance sheet below,show exactly how the truck would be disclosed after it has been used for two years.Also calculate total assets.
 $$\begin{array} { | l c r | } 
\hline & \begin{array} { c } 
\text { Antanio's Pirra } \
\text { Partial Ealance sheat } \
\text { December 31, 2010 }
\end{array} \
\hline \text { Cash } & & \$ 10,000 \
\text { Prepaid rent } && 3,000 \
\text { Truck } & &\underline{\quad\quad} \ 
\text { Total as5ets } & & \$\underline{\quad\quad}\
\hline
\end{array}$$

Antonio's Pizza Has a Delivery Truck It Purchased for $30,000