Lucky Company purchased a truck at a cost of $12,000 in 2009.As of January 1,2014,depreciation of $10,000 had been recorded on this asset.Depreciation expense for 2014 is $2,000.After the adjustments are recorded and posted at December 31,2014,what is the carrying value of the truck?
A) $ 2,000
B) $ 5,500
C) $12,000
D) $ -0-
Correct Answer:
Verified
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