Coney Island Corp. discards a truck that was originally purchased for $50,000 and had accumulated depreciation of $30,000. Prepare the journal entry for the disposal

What will be an ideal response

Accumulated Depreciation—Truck 30,000
Loss on Disposal 20,000
Truck 50,000

Business

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The Real Estate Commissioner has primary regulatory authority over subdivision matters involving:

A: Alignment of streets within a tract; B: Design and improvements for drainage; C: Financial arrangements to assure completion of community facilities; D: All of the above.

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The cost of operating the common manufacturing facility is a(n) _____

A) opportunity cost B) traceable cost C) non-traceable cost D) sunk cost E) differential cost

Business