A truck costing $56,000 has accumulated depreciation of $52,000. The truck is scrapped for $700.The journal entry to record this t O A. debit Cash for $700, debit Accumulated Depreciation is to Truck for $52,000, debit Loss on Disposal for $3,300 and credt Truck for $56,000 O B. debit Cash for $700, debit Truck for $52,000, debit Loss on Disposal for $3,300 and credit Accumu O C. debit Accumulated Depreciation -Truck for $52,00, debit Loss on Disposal $4,000,and credi Truck for $56,000 O D. debit Cash for $700, debit Loss on Disposal for $55,300 and credit Truck for $56,000