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Question(s) / Instruction(s):

A truck that cost $18,000 and on which $8,000 of accumulated depreciation has been recorded was disposed of for $9,000 cash. The entry to record this event would include a A) gain of $1,000. B) loss of $1,000. C) credit to the Truck account for $3,000. D) credit to Accumulated Depreciation for $10,000. E) None of the above is a correct answer.

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