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A truck costing $15100 and on which $13000 of accumulated depreciation has been recorded was disposed of for $3900 cash. The entry to record this
A truck costing $15100 and on which $13000 of accumulated depreciation has been recorded was disposed of for $3900 cash. The entry to record this event would include a
a) credit to the Truck account for $3900.
b) loss on disposal of $1800.
c) gain on disposal of $1800.
d) credit to Accumulated Depreciation for $13000.
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