A truck that cost $12,000 and on which $9,000 of accumulated depreciation has been recorded was disposed of on January 1 . Assume that the truck was disposed of for $2,000 cash. The entry to record this event is:
a. Accumulated Depreciation— Truck 3,000
Truck 3,000
b. Accumulated Depreciation— Truck 11,000
Truck 10,000
Gain on Sale of Truck 1,000
c. Cash 2,000
Accumulated Depreciation— Truck 9,000
Loss on Sale of Truck 1,000
Truck 12,000
d. Truck 9,000
Accumulated Depreciation— Truck 9,000
C
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