A Truck That Cost $12,000 and on Which $9,000 of Accumulated

question 159

Multiple Choice

A truck that cost $12,000 and on which $9,000 of accumulated depreciation has been recorded was disposed of on January 1.If the truck was discarded as having no value,the entry to record this event is:

• A)
• \(\begin{array}{l}
• \text { Truck }&12,000 \\
• \text { Accumulated Depreciation— Truck }&&12,000
• \end{array}\)
• B)
• \(\begin{array}{ll}
• \text { Truck } & 9,000 \\
• \text { Accumulated Depreciation — Truck }&&9,000
• \end{array}\)
• C)
• \[\begin{array} { l r }
• \text { Accumulated Depreciation — Truck } & 12,000 \\
• \text { Truck } && 9,000 \\
• \text { Gain on Sale of Equipment } && 3,000
• \end{array}\]
• D)
• \(\begin{array}{lr}
• \text { Accumulated Depreciation- Truck } & &9,000 \\
• \text { Loss on Sale of Truck } & 3,000\\
• \text { Truck}&&&12,000
• \end{array}\)

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