Millard Company sold a truck with a historical cost of $30,000 and accumulated depreciation of $24,000 for

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Millard Company sold a truck with a historical cost of $30,000 and accumulated depreciation of $24,000 for $7,000 cash. Make the necessary journal entry to record this transaction.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:49 AM

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Millard Company sold a truck with a historical cost of $30,000 and accumulated depreciation of $24,000 for

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Accounting concepts and applications

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