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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