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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:
- $20,150
- $21,600
- $19,200
- $0 (the food truck was scrapped).
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