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A truck that cost $71600 and on which $60100 of accumulated depreciation has been recorded was disposed of for $18700 cash. The entry to

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A truck that cost $71600 and on which $60100 of accumulated depreciation has been recorded was disposed of for $18700 cash. The entry to record this event would include a O loss of $7200. O credit to the Equipment account for $11500. credit to Accumulated Depreciation for $60100. gain of $7200.

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