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Oriole Gifts purchased a truck on January 2,2020 , for $86000. The truck had been depreciated on a straight-line basis with an estimated residual value

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Oriole Gifts purchased a truck on January 2,2020 , for $86000. The truck had been depreciated on a straight-line basis with an estimated residual value of $5400 and an estimated useful life of five years. Oriole Gifts has a December 31 year end. Which of the following is the correct journal entry assuming that Oriole Gifts sells the truck on April 1, 2024, for $11000 cash

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