A Truck Costing $48,000 and on Which $40,000 of Accumulated

question 262

Multiple Choice

A truck costing $48,000 and on which $40,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a

• A) gain of $8,000.
• B) loss of $8,000.
• C) credit to Accumulated Depreciation for $40,000.
• D) credit to Accumulated Depreciation for $48,000.

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Definitions:

Postmortem Care

The care given to a person's body after their death, which may include washing, dressing, and preparing for burial or cremation, respecting cultural and religious practices.

Rigor Mortis

The stiffening of the muscles that occurs several hours after death due to chemical changes in the body.

Postmortem Care

The care given to a person's body after their death, which may include cleaning and dressing the body, and preparing it for viewing or burial.

Metastatic Cancer

Cancer that has spread from its original site to other parts of the body, often indicating an advanced stage of the disease.