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25 October, 04:17

Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?

A.

motor vehicle account

B.

inventory account

C.

depreciation account

D.

market value account

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Answers (2)
  1. 25 October, 07:41
    0
    D. Market Value Account
  2. 25 October, 07:43
    0
    depreciation account
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