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Macho Taco sold a food truck on March 1, 2020. The accounts showed adjusted balances on February 28, 2020, as follows: Food Truck $ 42,000

Macho Taco sold a food truck on March 1, 2020. The accounts showed adjusted balances on February 28, 2020, as follows:

Food Truck $ 42,000
Accumulated Depreciation, Food Truck 21,850

Required: Record the sale of the food truck assuming the cash proceeds were:

  1. $20,150
  2. $21,600
  3. $19,200
  4. $0 (the food truck was scrapped).

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