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  3. a truck that cost $108,000 and on which $90,000 of

A truck that cost $108,000 and on which $90,000 of accumulated depreciation has been recorded...

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Accounting

A truck that cost $108,000 and on which $90,000 of accumulated depreciation has been recorded was disposed of for $27,000 cash. The entry to record this event would include a

gain of $9,000. loss of $9,000. credit to the Truck account for $18,000. credit to Accumulated Depreciation for $90,000.

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