Business, 12.11.2019 22:31, pindu

Four years ago, on january 1, california creamery bought a new delivery truck for $30,000. the company planned to use the truck for 7 years, and then sell it for $2,000. the company used the truck for 4 years and properly recorded straight-line depreciation each year. at the beginning of the 5th year, a change in emissions standards made the truck illegal in california. the company expects to sell the truck outside of california later this year for $6.000. the company should record a journal entry that includes a(n) (check all that apply) $8,000 debit to depreciation expense scetu 0 ipd $8,000 debit to impairment loss $22,000 debit to impairment loss $8.000 credit to truck $22.000 credit to truck

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Four years ago, on january 1, california creamery bought a new delivery truck for $30,000. the compa...