Charlie Corp sold a truck for $15,000 cash. It was originally purchased for $50,000 and had accumulated depreciation of $30,000 at the time of sale. Prepare the journal entry for the sale of truck

What will be an ideal response

Cash 15,000
Accumulated Depreciation—Truck 30,000
Loss on Disposal 5,000
Truck 50,000

Business

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Which of the following describes the relief of "restitution in kind" awarded to a plaintiff?

A. an item taken from the plaintiff is to be returned by the defendant B. the honor of the plaintiff is to be restored by the defendant C. money is to be paid by the defendant for the cost of the injury suffered by the plaintiff D. the defendant has to pay a fine to the plaintiff and the amount of the fine is decided by the court which is generally beyond the cost of injury

Business

Describe the recommendations of the Boston Consulting Group's Growth-Share Matrix

What will be an ideal response?

Business