Question
A truck costing $77000 and on which $70000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this
A truck costing $77000 and on which $70000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a
a. loss of $7000.
b. credit to Accumulated Depreciation for $77000.
c. credit to Accumulated Depreciation for $70000.
d. gain of $7000.
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Accounting For Investments Equities Futures And Options Volume 1
Authors: R. Venkata Subramani
1st Edition
047082431X, 978-0470824313
