A Truck That Cost $63,000 and on Which $30,000 of Accumulated

question 233

Multiple Choice

A truck that cost $63,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $27,000 cash. The entry to record this event would include a

• A) gain of $6,000.
• B) loss of $6,000.
• C) credit to the Truck account for $33,000.
• D) credit to Accumulated Depreciation for $30,000.

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