A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. The entry to record this event would include which of the following? a. credit to Gain on Dipsosal of Plant Assets for $6,000. b. debit to Loss on Disposal of Plant Assets for $6,000. c. credit to the Equipment account for $12,000. d. credit to Accumulated Depreciation for $60,000. Fugazi City College sold season tickets for the 2019 football season for $240,000 cash in August. A total of 8 games will be played during September, October, and November. What entry is made in August to record the sale of the season tickets? a. Cash ......... 240,000 Ticket Revenue..... 240,000 b. Cash 240,000 Unearned Ticket Revenue .... 240,000 c. Tickets Receivable. 240,000 Ticket Revenue .... 240,000 d. Prepaid Tickets 240,000 Cash ..... 240,000 A plant asset cost $90,000 when it was purchased on January 1, 2012. It was depreciated by the straight-line method based on a 9-year life with no salvage value. On June 30, 2019, the asset was discarded with no cash proceeds received. What gain or loss should be recognized on the retirement? a. No gain or loss. b. $20,000 loss. c. $15,000 loss. d. $10,000 gain