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

Question 204

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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.
 Antonio’s Pizza Partial Balance Sheet December 31, 2010 Cash $10,000 Prepaid rent 3,000 Truck  Total assets $\begin{array}{c}\text { Antonio's Pizza}\\ \text { Partial Balance Sheet}\\\text { December 31, 2010}\\\begin{array}{lr}\text { Cash } &\quad\quad\quad\quad\quad\quad\quad\quad \$ 10,000 \\\text { Prepaid rent } & 3,000 \\\text { Truck } &\underline{\quad\quad} \\& \\ \text { Total assets } & \$\underline{\quad\quad} \end{array}\end{array}

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\(\begin{array}{c}
\text {Antonio's Piz...

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