Yellow Dog Transit sold an old truck on December 31,2013,for $18,400 cash.The following data was available when the truck sold:
When this transaction is recorded,it should include a(n)
A) Loss on Disposal account for $3,000
B) Decrease of $21,400 to the Truck account
C) Gain on Disposal account for $3,000
D) Gain on Disposal account for $5,000
Correct Answer:
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