Roberts truck rental uses the group depreciation method…helpp?
1) roberts truck rental uses the group depreciation method for its fleet of trucks. when it retires one of its trucks and receives cash from a salvage company, the carrying value of property, plant, and equipment will be decreased by the
a) original cost of the truck
b) original cost of the truck less the cash proceeds
c) cash proceeds received.
d) cash proceeds received and original cost of the truck
anyone???
thanks
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Monday, July 26th, 2010 at 5:20 pm
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