Question
A retail store which primarily sells snacks sold one of its delivery trucks for 12,000. The truck was originally purchased two years ago for 15,000
A retail store which primarily sells snacks sold one of its delivery trucks for 12,000. The truck was originally purchased two years ago for 15,000 and has been depreciated 6,000 (net book value: $9,000). What is the amount of revenue recognized by this company?
a. $0
b. $12,000
c. $9,000
d. $3,000
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
3rd Edition
0894137409, 978-0894137402
