Solved: On december 31 2018 jake inc sold the truck for 25000, Business Management

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On december 31 2018 jake inc sold the truck for 25000

On January 1, 2016, Jake Inc. purchased a truck for $42,000 and uses the straight-line depreciation method. The truck has a useful life of 8 years and an estimated residual value of $9,000. On December 31, 2018, Jake Inc. sold the truck for $25,000. Record the journal entry for the sale on December 31, 2018 for Jake Inc.

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Business Management: On december 31 2018 jake inc sold the truck for 25000

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