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A truck costing $14,000 and on which $12,000 of accumulated depreciation has been recorded was disposed of for $3,000 cash. The entry to record this event would include a Multiple Choice Gain on disposal of $3,000 Gain on disposal of $1,000 u Loss on disposal of $1,000 Debit to the Truck account for $3,000 Credit to Accumulated Depreciation for $12,000