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:

Dilation

The process of widening, stretching, or expanding, often referring to blood vessels or pupils.

Erectile Tissue

Specialized tissue that can become engorged with blood, leading to an erection, found in the penis, clitoris, and nipples.

Veins

Blood vessels that carry blood toward the heart, typically transporting deoxygenated blood except for the pulmonary and umbilical veins.

Sinusoids

Specialized, capillary-like blood vessels that are larger and more permeable, found in certain organs like the liver, spleen, and bone marrow.