Abo purchased a truck at the beginning of 2018 for
$140,000. they sold the truck at the end of 2019 for
$95,000. if the expected useful life of the truck was six
years with a residual value of $20,000 and abo uses
straight‐line depreciation, which of the following is true
regarding the entry to record the sale of the truck?
a. credit gain $5,000.
b. debit loss $5,000.
c. credit accumulated depreciation $40,000.
d. credit equipment $100,000.

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: