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A truck costing $66000 and on which $61000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this

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A truck costing $66000 and on which $61000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a loss of $5000. tain of $5000 credit to Accumulated Depreciation for $61000. credit to Accumulated Depreciation for $66000

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