Return to the American Airlines baggage-handling truck in Exhibit 10-7. Suppose American sold the truck on December
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Return to the American Airlines baggage-handling truck in Exhibit 10-7. Suppose American sold the truck on December 31, 2009, for \(\$ 28,000\) cash, after using the truck for two full years. Depreciation for 2009 has been recorded. Make the journal entry to record American's sale of the truck.
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