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Question 3 Not yet answered Marked out of 1.00 P Flag question A truck that cost Owle Company $108,000, was estimated to have a salvage
Question 3 Not yet answered Marked out of 1.00 P Flag question A truck that cost Owle Company $108,000, was estimated to have a salvage value of $24,000, and was expected to last 10 years. At the end of 5 years of use (assume straight line depreciation), it was sold for $90,000, the journal entry to record the sale wil involve: Select one: A. A Debit to Loss on Sale for $24,000 B.A Debit to Accumulated Depreciation--Truck for $42,000 C. A Credit to Truck for $66,000 OD. A Credit to Gain on sale for $48.000
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