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tia_tia [17]
2 years ago
9

A truck that cost $36,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $5,000 cash. th

e entry to record this event includes a
Business
1 answer:
Zielflug [23.3K]2 years ago
7 0
Hi there
First find the book value of the truck
Book value=
Cost-accumulated depreciation
36,000−30,000
=6,000

disposed of for $5,000 cash
Book value 6000
So the answer is
Loss of 1000 (5000-6000)

Good luck!
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Answer:

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Explanation:

(A). On FEB. 1, the accounts and Explanation is given below:

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