accounting: Suppose you purchase a small truck

Suppose you purchase a small truck for $21500 by taking out a loan of $10200, making an additional investment in the business of $1800 and paying for the rest out of cash on hand. What is the change in fixed assets you would see on the balance sheet? Please be careful about sign convention

Answer
A fixed asset is something that will be used for long-term use and typically cannot be converted easily to cash.
The small truck for instance would be considered a fixed asset since it will be used for business use.

The only changed in fixed assets is the value of the small truck (+$21500). The method that the was used to pay for the truck shouldn't change fixed assets (unless of course you traded in an older vehicle at the time of purchase).

Therefore the change in fixed assets is +$21500.

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