A Company Using the Group Depreciation Method for Its Delivery

Multiple Choice

A company using the group depreciation method for its delivery trucks retired one of the trucks after the average service life of the group was reached.Cash proceeds were received from a salvage company.The net carrying amount of these group asset accounts would be decreased by the

A) original cost of the truck.
B) original cost of the truck less the cash proceeds.
C) cash proceeds received.
D) cash proceeds received and original cost of the truck.