Fancy's Floral Supply had a cooling system delivery truck with an accumulated depreciation of $45,000. The original cost of the truck had been $90,000, and they sold it for $30,000. What will be the result of this particular sale? O net income will increase $15,000 net income will decrease $30,000 O net income will decrease $15,000 O net income will increase $30,000

Fancy's Floral Supply had a cooling system delivery truck with an accumulated depreciation of $45,000. The original cost of the truck had been $90,000, and they sold it for $30,000. What will be the result of this particular sale? O net income will increase $15,000 net income will decrease $30,000 O net income will decrease $15,000 O net income will increase $30,000

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Description: Fancy's Floral Supply had a cooling system delivery truck with an accumulated depreciation of $45,000. The original cost of the truckhad been $90,000, and they sold it for $30,000. What will be the result of this particular sale?net income will incr

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 14PB: Garcia Co. owns equipment that costs $150,000, with accumulated depreciation of $65,000. Garcia...

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