Multiple Choice
A truck costing $75,000 and on which $65,000 of accumulated depreciation has been re-corded was discarded as having no value.The entry to record this event would include a
A) gain of $10,000.
B) loss of $10,000.
C) credit to Accumulated Depreciation for $65,000.
D) credit to Accumulated Depreciation for $75,000.
Correct Answer:
Verified
Correct Answer:
Verified
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