Question / 4 pts A truck cost $60,000 when purchased and has a $55,000 balance...
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Accounting
Question / 4 pts A truck cost $60,000 when purchased and has a $55,000 balance in the accumulated depreciation account. If the truck is discarded we will record: o loss on disposal, $5,000 gain on disposal, $5,000 O no gain or loss because it was discarded o loss of $60,000 Question 8 4 pts A truck cost $60,000 when purchased and has a $50,000 balance in the accumulated depreciation account. If the truck is sold for $15,000 cash we will record: gain on disposal, $5,000 o loss on disposal, $5,000 O no gain or loss O no entry required
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