on January 1, 2004, Ventura company placed into service a lift truck that had a capitalized acquisition cost for the thousand dollars, and estimated useful life of 12 years, and an estimated salvage value of $4000. Ventura depreciated the lift truck through the end of its useful life, and then retire truck. The journal entry on the retirement date should include

a. A debit to accumulated depreciation for $36,000 and a debit to loss on sale for $4000

b.A credit to the truck for $40,000 and adapt to salvage value of $4000, C. A debit to accumulated depreciation for $36,000 and a credit to salvage value for 4000 D. A credit to lift truck for $4000 and a credit to loss on sale for $4000

Questions On 1.2004 Vedruth and thered the most A. Atrodde