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.

Question

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.

Job Sales Had to Scrap a Truck That Could No