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A truck that cost $48,000 and on which $40,000 of accumulated depreciation has been recorded was disposed of for $12,000 cash. The entry to record
A truck that cost $48,000 and on which $40,000 of accumulated depreciation has been recorded was disposed of for $12,000 cash. The entry to record this event would include a O gain of $4,000. O loss of $4,000 O credit to the Truck account for $8,000 O credit to Accumulated Depreciation for $40,000
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