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A truck that cost R.0.42,000 and on which R.0.35,000 of accumulated depreciation has been recorded was disposed of for R.0.3,500 cash. The entry to record

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A truck that cost R.0.42,000 and on which R.0.35,000 of accumulated depreciation has been recorded was disposed of for R.0.3,500 cash. The entry to record this event would include a Select one: a. Loss of R.0.3,500. b. Credit to Accumulated Depreciation for R.0.35,000. c. Credit to the Truck account for R.0.7,000. d. Gain of R.0.3,500

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