Which of the Following Accounts Would Be Something Credited "As

question 54

Multiple Choice

Which of the following accounts would be something credited "as something you gave up" in a journal entry for an asset exchange?

• A) Accumulated depreciation - old truck
• B) Old truck
• C) Loss on exchange of assets
• D) Notes receivable
• E) New truck

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Computer

An electronic device capable of processing, storing, and retrieving data, performing calculations, and executing programmed instructions.

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Unique or novel devices, methods, or processes that result from study and experimentation.

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