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A truck that cost $73400 and on which $60600 of accumulated depreciation has been recorded was disposed of for $18000 cash. The entry to record
A truck that cost $73400 and on which $60600 of accumulated depreciation has been recorded was disposed of for $18000 cash. The entry to record this event would include a credit to the Equipment account for $12800. gain of $5200. credit to Accumulated Depreciation for $60600. loss of $5200
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