A company sells one of its delivery trucks that had been used in the business for $25,000 cash. At the time of the sale, the accumulated depreciation on the truck was brought up to date and had a balance of $10,000. The original cost of the truck was $32,000. What would be the journal entry to record the disposal of the delivery truck?

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The Answer of A company sells one of its delivery trucks that had been used in the business for $25,000 cash. At the time of the sale, the accumulated depreciation on the truck was brought up to date and had a balance of $10,000. The original cost of the truck was $32,000. What would be the journal entry to record the disposal of the delivery truck?

A Company Sells One of Its Delivery Trucks That Had