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 a\ gain of

$6,000

.\ loss of

$6,000

.\ credit to the Equipment account for

$12,000

.\ credit to Accumulated Depreciation for

$60,000

.

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 a gain of $6,000. loss of $6,000. credit to the Equipment account for $12,000. credit to Accumulated Depreciation for $60,000