22. A truck that cost $80,000 and on which $70,000 of accumulated depreciation has been recorded was disposed of for $7,500 cash. The entry to record this event would include a a. gain of $2,500. b. loss of $2,500. C. credit to the Equipment account for $10,000. d. credit to Accumulated Depreciation for $70,000. 23. A coal company invests $20 million in a mine estimated to have 10 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 500,000 tons of coal are extracted and sold. What is the depletion expense for the first year? a. $500,000 b. $1,000,000 c. $4,000,000 d. Cannot be determined from the information provided