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The following is a depreciation schedule for one of ABC 's trucks. On January 1st of 203,ABC Company decides to sell the truck for $122,000.

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The following is a depreciation schedule for one of ABC 's trucks. On January 1st of 203,ABC Company decides to sell the truck for $122,000. Original cost a) What is the accumulated depreciation of the truck on January 1, 203. b) What is the book value of the truck on lanuary 1, 20x3. c) What is the gain or loss on the sale of the truck? d) What is journal entry to record the sale of the truck? The following is a depreciation schedule for one of ABC 's trucks. On January 1st of 203,ABC Company decides to sell the truck for $122,000. Original cost a) What is the accumulated depreciation of the truck on January 1, 203. b) What is the book value of the truck on lanuary 1, 20x3. c) What is the gain or loss on the sale of the truck? d) What is journal entry to record the sale of the truck

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