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dolphi86 [110]
3 years ago
6

A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. T

he entry to record this event would include a
Business
1 answer:
Mekhanik [1.2K]3 years ago
4 0

Answer:

Gain of $6,000.

Explanation:

Calculation to determine what The entry to record this event would include

Using this formula

Gain=(Accumulated depreciation+Cash)-Cost

Let plug in the formula

Gain=($60,000+$18,000)-$72,000

Gain=$78,000-$72,000

Gain=$6,000

Therefore The entry to record this event would include a gain of $6,000

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DaniilM [7]

Answer:

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Explanation:

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4 years ago
A local bank is contemplating adding a new atm to their lobby. they will need another phone line to provide communications that
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Rachel’s Candelabra Shoppe sells candles to clients for $6.00 each. The variable cost to produce each candle is $2.25 per candle
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