Orbit airways purchased a baggage-handling truck for 41000, Ask an Expert

Accounting

Orbit Airways purchased a baggage-handling truck for $41,000. Suppose Orbit sold truck on December 31, 2008, for $28,000 cash, after using the truck for two full years and accumulating depreciation of $16,000. Make the journal entry to record Orbit's sale of the truck.

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Accounting Basics, Accounting

Category:- Accounting Basics
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