Lucky Company purchased a truck at a cost of $12,000 in 2010 . As of January 1, 2015, depreciation of $10,000 had been recorded on this asset. Depreciation expense for 2015 is $2,000 . After the adjustments are recorded and posted at December 31, 2015, what is the carrying value of the truck?
a. $ 2,000
b. $ 5,500 c. $12,000
d. $ -0-
d
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What will be an ideal response?