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On July 1, 20X0, FEDWHY sold a truck for $10,000. The company originally paid $28,000 on June 30, 20X7 and has recorded accumulated depreciation on

On July 1, 20X0, FEDWHY sold a truck for $10,000. The company originally paid $28,000 on June 30, 20X7 and has recorded accumulated depreciation on it to date of $15,000. (3 Marks)

Record the Sale:

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