A truck costing $56,000 has accumulated depreciation of $45,000. The truck is sold for $8,500. The journal entry to record this transaction is to: A. debit Cash for $8,500, debit Accumulated Depreciation minus Truck for $45,000, debit loss on Disposal for $2,500 , and credit Truck for $56,000. B. debit Cash for $2,500, debit Truck for $56,000, credit Accumulated Depreciation minus Truck for $45,000, and credit Gain on Disposal for $8,500. C. debit Cash for $8,500, debit Truck for $56,000, credit Accumulated Depreciation minus Truck for $45,000 and credit Gain on Disposal for $19,500. D. debit Accumulated Depreciation minus Truck for $45,000, and credit Truck for $45,000.