Multiple Choice
A truck that cost $21,000 and on which $10,000 of accumulated depreciation has been recorded was disposed of for $9,000 cash. The entry to record this event would include a
A) gain of $2,000.
B) loss of $2,000.
C) credit to the Truck account for $11,000.
D) credit to Accumulated Depreciation for $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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