Question
A truck costing $79000 and on which $67000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this
A truck costing $79000 and on which $67000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a
credit to Accumulated Depreciation for $67000.
loss of $12000.
gain of $12000.
credit to Accumulated Depreciation for $79000.
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
