On July 1, 2017 a truck was sold for $10,000. The company originally paid $28,000...
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Accounting
On July 1, 2017 a truck was sold for $10,000. The company originally paid $28,000 on June 30,2010 and has recorded accumulated depreciation on it to date of $15,000. The entry to record the sale would include a credit to accumulated depreciation for $15,000. debit to trucks for $28,000. credit to gain on sale of truck for $3,000. debit to loss on sale of truck for $3,000
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