A Company Sold a Delivery Truck for $18,000 Cash

question 76

Multiple Choice

A company sold a delivery truck for $18,000 cash. The truck cost $47,500 and had accumulated depreciation of $36,000 as of the date of sale. The entry to record the sale would include:

• A) an increase in accumulated depreciation for $36,000.
• B) a total decrease in delivery truck for $11,500.
• C) a loss for $6,500.
• D) a gain for $6,500.

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Definitions:

Genotype

The genetic makeup of an organism, consisting of both visible and non-visible traits, which lays the foundation for the organism's phenotype.

Phenotype

The visible traits or features of an organism, shaped by its genetic structure and environmental factors.

Dominant Genes

Genes that express their trait even when only one copy is present, overshadowing recessive genes if they are also present.

Symbolic Notation

A system of symbols used to represent numbers, operations, relations, or concepts, especially in mathematics and logic.