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Title: A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. The ... Post by: tivo on Feb 21, 2017 A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. The journal entry to record this transaction is to:
A) debit Cash for $8,500, debit Accumulated Depreciation – Truck for $50,000, credit Truck for $56,000, and credit Gain on Disposal for $2,500. B) debit Accumulated Depreciation – Truck for $50,000, and credit Truck for $50,000. C) debit Cash for $8,500, debit Truck for $56,000, credit Accumulated Depreciation – Truck for $50,000 and credit Gain on Disposal for $14,500. D) debit Cash for $2,500, debit Truck for $56,000, credit Accumulated Depreciation – Truck for $50,000, and credit Gain on Disposal for $8,500. Title: Re: A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. ... Post by: antonio_john on Feb 21, 2017 Content hidden
Title: Re: A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. The ... Post by: tivo on Apr 10, 2017 Luckily this is the last business course I'll be taking. Thank you greatly
Title: Re: A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. ... Post by: Juan Muniz on Jun 27, 2020 thank you
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