98. The interest on a $25000, 8%, 90-day note receivable is

$1500.

$500.

$250.

$3000.

99.

A truck costing $66000 and on which $54000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a

credit to Accumulated Depreciation for $66000.

credit to Accumulated Depreciation for $54000.

gain of $12000.

loss of $12000.