Multiple Choice
A truck costing $72000 and on which $60000 of accumulated depreciation has been recorded was discarded as having no value.Recording this event would include a(n)
A) gain of $12000.
B) loss of $12000.
C) increase to Accumulated Depreciation for $60000.
D) increase to Accumulated Depreciation for $72000.
Correct Answer:
Verified
Correct Answer:
Verified
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