If a County Receives $27,000, for the Sale of a Dump
Question 47
Question 47
Short Answer
If a county receives $27,000, for the sale of a dump truck with a historical cost of $60,000, and accumulated depreciation of $25,000, the one-worksheet conversion adjustment would be Debit Credit A) Other Financing Source - Sale of Vehicle Accumulated Depreciation - Vehicle Loss on sale of vehicle Vehicle 27,00025,0008,00060,000
B) Other Financing Source - Sale of Vehicle Vehicle 27,00027,000
C) Other Financing Source - Sale of Vehicle Accumulated Depreciation - Vehicle Vehicle 27,00033,00060,000
D) Other Financing Source - Sale of Vehicle Loss on sale of vehicle Vehicle 27,00033,00060,000
Correct Answer:
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