A Truck That Cost $24,000 and on Which $18,000 of Accumulated

Multiple Choice

A truck that cost $24,000 and on which $18,000 of accumulated depreciation has been recorded was disposed of on January 1.If the truck was discarded as having no value,the entry to record this event is:

A) Truck 24,000
Accumulated Depreciation- Truck 24,000
B) Truck 18,000
Accumulated Depreciation- Truck 18,000
C) Accumulated Depreciation- Truck 24,000
Truck 18,000
Gain on Sale of Equipment 6,000
D) Accumulated Depreciation- Truck 18,000
Loss on Sale of Truck 6,000
Truck 24,000