Multiple Choice
A truck that cost $72000 and on which $60000 of accumulated depreciation has been recorded was disposed of for $18000 cash. The entry to record this event would include a
A) gain of $6000.
B) loss of $6000.
C) credit to the Equipment account for $12000.
D) credit to Accumulated Depreciation for $60000.
Correct Answer:
Verified
Correct Answer:
Verified
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