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A truck costing $12,300, which has Accumulated Depreciation of $9,030, was sold for $2,030 cash. The entry to record this event would include a: a.
A truck costing $12,300, which has Accumulated Depreciation of $9,030, was sold for $2,030 cash. The entry to record this event would include a:
a. credit to Accumulated Depreciation for $9,030.
b. credit to the Vehicles account for $3,270.
c. loss of $1,240.
d. gain of $1,240.
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