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Molly's Big Tacos purchased a new food truck on January 1, 2016, for $50,000. Molly's believed at the time that the restaurant would use the
Molly's Big Tacos purchased a new food truck on January 1, 2016, for $50,000. Molly's believed at the time that the restaurant would use the truck for four years, and then they would sell the truck for $18,000. Molly's sells the truck at the end of 2019 as planned, and the buyer pays $19.000 for the truck Molly uses the straight line method to calculate depreciation Record the journal entry for the sale
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