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Nelson Corp. discards a truck that was originally purchased for $25,000 and had accumulated depreciation of $22,000. What is the journal entry for the disposal?
Nelson Corp. discards a truck that was originally purchased for $25,000 and had accumulated depreciation of $22,000. What is the journal entry for the disposal? 25,000 O A. Truck Loss on Disposal Accumulated DepreciationTruck 3.000 22,000 O B. Accumulated Depreciation - Truck Loss on Disposal Truck 22.000 3,000 25,000 25,000 O C. Accumulated Depreciation - Truck Gain on Disposal Truck 3,000 22.000 25,000 OD. Accumulated Depreciation - Truck Loss on Disposal Truck 3.000 22,000
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