Some very good answers and examples have been posted.

Based on your facts, when a company purchased a truck for business use then you record the purchase as an asset on the books. The truck purchase is recorded on your balance sheet.

Debit – Asset (Truck)

Credit – Accounts Payable or Cash,

Then, on your income statement, you are correct that expenses are matched with revenues, the use of the truck will help generate revenues (Sales/income) for the business..

On your income statement, you record depreciation expense which is the wear and tear of using the truck.

Dr. Depreciation Expense (Income statement account)

Cr. Accumulated Depreciation (Balance Sheet account).

Hope this helps!