help Question 21 2 points Save Are On Jan. 1. 2004, Ventura...
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Question 21 2 points Save Are On Jan. 1. 2004, Ventura Co, plated into service a lift truck that had a capitalized acquisition cost of 522.500, an estimated useful life of 16 years, and an estimated salvage value of $2,500. Ventura depreciated the lift truck through the end of its useful life, and then retired the truck. The journal entry on the retirement date should include: Acredit to lift truck for $22,500 and a debit to salvage value for $2,500. Acredit to lift truck for $22.500 and a credit to loss on sale for $2.500. A debit to accumulated depreciation for $20,000 and a credit to salvage value for $2.500. A debit to accumulated depreciation for $20,000 and a debit to loss on sale for $2.500
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