We own a small charter bus company. Last year we purchased a used bus for $30,000. We paid $15,000 down and 10 monthly payments of $1,500.
Do these payments, both the down payment and monthly payments go on the Profit and Loss Statement.
Thanks
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We own a small charter bus company. Last year we purchased a used bus for $30,000. We paid $15,000 down and 10 monthly payments of $1,500.
Do these payments, both the down payment and monthly payments go on the Profit and Loss Statement.
Thanks
This looks like a homework question. Do you understand the concept of depreciation of capital assets over time?
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