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Period cost are those costs that attach to the inventory and are recorded in the Inventory account True False This is a required question Assume a car that cost $60 000 000 and has a book value of $12000 000 is sold for $12000 000. The journal entry to record this disposal is as follow 12000 000 from alc Cash 48 000 000 from a/c Accumulate Depreciation- Car 60000000 to alc Car true false This is a required