Job Sales had to scrap a truck that could no longer be used. It was originally purchased for $36,000, and had accumulated depreciation of $30,000 at the time it was scrapped. Please provide the journal entry for the scrapping of the truck.
Definitions:
Enamine
A compound containing a nitrogen atom connected to a carbon atom that is part of a double bond, resulting from the reaction between a secondary amine and an aldehyde or ketone.
α-Halogenate
Refers to the introduction of a halogen atom (e.g., chlorine, bromine) into the alpha position of an organic molecule relative to a functional group.
Ketones
Organic compounds containing a carbonyl group (C=O) flanked by two carbon atoms, featured in various chemical reactions.
Aldehydes
Organic compounds characterized by the functional group -CHO, consisting of a carbonyl center bonded to hydrogen and an R group, used in various chemical syntheses.
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