(Answered) Overland trucking has an old truck that cost 30000 and it

Accounting

Overland Trucking has an old truck that cost $30,000, and it has accumulated depreciation of $16,000 on this truck. Overland has decided to sell the truck. (a) What entry would Overland Trucking make to record the sale of the truck for $17,000 cash? (b) What entry would Overland trucking make to record the sale of the truck for $10,000 cash?

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