A company purchased ten delivery vehicles at a cost of $20000 each and used the...
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Accounting
A company purchased ten delivery vehicles at a cost of $20000 each and used the group depreciation method. which of the following entries would be correct when recording the subsequent sale of a vehicle for $8500( Group accumulated depreciation is $88000)? a. cash $8500, accumulated depreciation 8800, vehicles 17300. b. cash $8500 ,vehicles 8500. c. cash $8500, accumulated depreciation 8800, loss on sale 2700, vehicles 20000 d.cash $8500, accumulated depreciation 11500, vehicles 20000.
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