Ask Question
23 December, 17:20

Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?

A.

motor vehicle account

B.

inventory account

C.

depreciation account

D.

market value account

+5
Answers (2)
  1. 23 December, 19:02
    0
    D. Market Value Account
  2. 23 December, 19:24
    0
    depreciation account
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers