Question
A truck cost $60,000 when purchased and has a $60,000 balance in the accumulated depreciation account. If the truck is discarded we will record: Group
A truck cost $60,000 when purchased and has a $60,000 balance in the accumulated depreciation account. If the truck is discarded we will record:
Group of answer choices
debit to truck, $60,000
credit to accumulated depreciation, $60,000
debit to accumulated depreciation, $60,000
loss on disposal, $60,000
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
