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A truck costing $76000 on which $69000 of accumulated depreciation has been recorded was discarded. The entry to record this event would include a credit

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A truck costing $76000 on which $69000 of accumulated depreciation has been recorded was discarded. The entry to record this event would include a credit to Accumulated Depreciation for $69000. credit to Accumulated Depreciation for $76000. gain of $7000. loss of $7000

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