Trimer Corp junks a truck which was originally purchased for $50,000 and had accumulated depreciation of $30,000. Give journal entry for disposal of truck.

Name: Trimer Corp junks a truck which was originally purchased for $50,000 and had accumulated depreciation of $30,000. Give journal entry for disposal of truck.
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The Answer of Trimer Corp junks a truck which was originally purchased for $50,000 and had accumulated depreciation of $30,000. Give journal entry for disposal of truck.

Trimer Corp Junks a Truck Which Was Originally Purchased for $50,000