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On July 1, 2011, a Truck Was Sold for $10,000

Question 78

Multiple Choice

On July 1, 2011, a truck was sold for $10,000.The company originally paid $28,000 on June 30, 2004 and has recorded accumulated amortization on it to date of $15,000.The entry to record the sale would include a:


A) credit to accumulated amortization for $15,000.
B) debit to trucks for $28,000.
C) credit to gain on sale of truck for $3,000.
D) debit to loss on sale of truck for $3,000.

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