(Solution) - Carter Company owns a truck that cost 51 000 Depreciation totaling -(2025 Original AI-Free Solution)

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Carter Company owns a truck that cost $51,000. Depreciation totaling $35,000 had been taken on the truck up to January 8, 2016, when it was sold for $14,150.
1. Give the journal entry to record the sale.
2. Assume, instead, that the truck is sold for $17,100. Give the journal entry to record the sale.