A Truck That Cost Owle Company $108,000, Was Estimated to Have

Multiple Choice

A truck that cost Owle Company $108,000, was estimated to have a salvage value of $24,000, and was expected to last 10 years.
At the end of 5 years of use (assume straight line depreciation) , it was sold for $90,000, the journal entry to record the sale will involve a:

A) Debit to Accumulated Depreciation - Truck for $42,000
B) Credit to Truck for $66,000
C) Debit to Loss on Sale for $24,000
D) Credit to Gain on Sale for $48,000