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Bozo Corp. updated its fleet of trucks, scrapping old gas-guzzling trucks for new hybrid vehicles. It took its old trucks to the scrap yard
Bozo Corp. updated its fleet of trucks, scrapping old gas-guzzling trucks for new hybrid vehicles. It took its old trucks to the scrap yard and received $0. The fleet of trucks scrapped originally cost $187,000 and their current carrying value is $25,000. What is the entry to record the abandonment? (Record debits first, then credits. Exclude explanations from any journal entries.) Account Date of abandonment
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