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Overland Trucking has an old truck that cost $30,000, and it has accumulated deprecia- tion of $16,000 on this truck. Overland has decided to sell
Overland Trucking has an old truck that cost $30,000, and it has accumulated deprecia- tion of $16,000 on this truck. Overland has decided to sell the truck. (a) What entry would Overland Trucking make to record the sale of the truck for $17,000 cash? (b) What entry would Overland Trucking make to record the sale of the truck for $10,000 cash?
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Cost Accounting A Managerial Emphasis International
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
11th Edition
8120323548, 978-8120323544
