Question

Select the correct answer. Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?

Answer 1

Answer:

The answer is "market value account".

Explanation:

It is also known as market cap, which is used to determined by increasing the existing market price of the company's excellent stock. Its approximate value of the object was its selling value, based mostly on volume in cost by a buyer to the seller by Keeping track of the online accounting and finance app of your asset value and depreciation.

• In determining the appropriate valuation based on open market standards a variety several factors are taken into account.  
• One of the principal factors for the market price is because it provides a practical tool for eliminating uncertainty and insecurity and decide how a share price.