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6 January, 22:19

A truck that cost $36,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $5,000 cash. the entry to record this event includes a

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  1. 7 January, 00:10
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    Hi there

    First find the book value of the truck

    Book value=

    Cost-accumulated depreciation

    36,000-30,000

    =6,000

    disposed of for $5,000 cash

    Book value 6000

    So the answer is

    Loss of 1000 (5000-6000)

    Good luck!
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