A Truck That Cost $21,000 and on Which $10,000 of Accumulated

question 244

Multiple Choice

A truck that cost $21,000 and on which $10,000 of accumulated depreciation has been recorded was disposed of for $9,000 cash. The entry to record this event would include a

• A) gain of $2,000.
• B) loss of $2,000.
• C) credit to the Truck account for $11,000.
• D) credit to Accumulated Depreciation for $10,000.

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Definitions:

Ileocecal Valve

Valve formed by the ileocecal sphincter between the ileum and the cecum.

Large Intestine

Portion of the digestive tract extending from the small intestine to the anus.

Chyme

The semi-fluid mass of partly digested food that moves from the stomach to the small intestine for further digestion.

Hepatic Flexure

The bend in the colon near the liver, marking the transition from the ascending colon to the transverse colon.