Job Sales had to scrap a truck that could no longer be used.It was originally purchased for $36,000,and had accumulated depreciation of $30,000 at the time it was scrapped.Please provide the journal entry for the scrapping of the truck.
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Question

Job Sales had to scrap a truck that could no longer be used.It was originally purchased for $36,000,and had accumulated depreciation of $30,000 at the time it was scrapped.Please provide the journal entry for the scrapping of the truck.
 $$\begin{array} { | l | l | l | } 
\hline \quad\quad& \quad&\quad \
\hline & & \\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Job Sales had to scrap a truck that could no longer be used.It was originally purchased for $36,000,and had accumulated depreciation of $30,000 at the time it was scrapped.Please provide the journal entry for the scrapping of the truck.
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