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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
wrote...
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Posts: 5977
Rep: 293 0
10 years ago
If a county receives $27,000, for the sale of a dump truck with a historical cost of $60,000, and accumulated depreciation of $25,000, the one-worksheet conversion adjustment would be
      Debit   Credit
A.   Other Financing Source – Sale of Vehicle
Accumulated Depreciation – Vehicle
Loss on sale of vehicle
   Vehicle   27,000
25,000
8,000   


60,000
B.   Other Financing Source – Sale of Vehicle
   Vehicle   27,000   
27,000
C.   Other Financing Source – Sale of Vehicle
Accumulated Depreciation – Vehicle
   Vehicle   27,000
33,000   

60,000
D.   Other Financing Source – Sale of Vehicle
Loss on sale of vehicle
   Vehicle   27,000
33,000   

60,000
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
#1
Top Poster
Posts: 10774
Rep: 1064 3
10 years ago
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