A truck cost $60,000 when purchased and has a $55,000 balance in the accumulated depreciation account. If the truck is discarded we will record: debit to truck, $60,000; and debit to loss on disposal, $5,000 O credit to accumulated depreciation, $60,000; and credit to loss on disposal, $5,000 O credit to truck, $60,000 O loss on disposal, $60,000