Morton's Courier Service Recorded a Loss of $7,500 When It

question 71

Multiple Choice

Morton's Courier Service recorded a loss of $7,500 when it sold a van that originally cost $70,000 for $12,500.Accumulated depreciation on the van must have been

• A)$65,000.
• B)$20,000.
• C)$62,500.
• D)$50,000.

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