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A truck that cost $71300 and on which $60200 of accumulated depreciation has been recorded was disposed of for $17500 cash. The entry to record

image text in transcribed A truck that cost $71300 and on which $60200 of accumulated depreciation has been recorded was disposed of for $17500 cash. The entry to record this event would include a gain of $6400. credit to Accumulated Depreciation for $60200. credit to the Equipment account for $11100. loss of $6400

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