Multiple Choice
A truck costing $12,000 and on which $9,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a:
A) gain of $3,000.
B) loss of $3,000.
C) credit to accumulated depreciation for $9,000.
D) credit to accumulated depreciation for $12,000.
Correct Answer:
Verified
Correct Answer:
Verified
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