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Business, 12.11.2019 05:31 tay8556

Atruck costing $110,000 was destroyed when its engine caught fire. at the date of the fire, the accumulated depreciation on the truck was $50,000. an insurance check for $125,000 was received based on the replacement cost of the truck. the entry to record the insurance proceeds and the disposition of the truck will include a
a. gain on disposal of $15000.
b. credit to the truck account of $79000.
c. credit to the accumulated depreciation account for $46000.
d. gain on disposal of $61000.

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Atruck costing $110,000 was destroyed when its engine caught fire. at the date of the fire, the accu...
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