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.Assume that the truck was disposed of for $4,000 cash.The entry to record this event would include
A) a debit to Cash.
B) a debit to Accumulated Depreciation.
C) a debit to Loss on Sale of Truck.
D) all of these choices.
Correct Answer:
Verified
Correct Answer:
Verified
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