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7. FedEX sold a delivery truck that had been used in the business for three years: Delivery truck - cost $38,000 Accumulated depreciation $23,000 Record

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7. FedEX sold a delivery truck that had been used in the business for three years: Delivery truck - cost $38,000 Accumulated depreciation $23,000 Record the journal entry for the disposal of the truck, assuming that the truck sold for (a) $15,000 cash (b) $15,600 cash (c) $14,600 cash

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