Greene Corp. updated its fleet of trucks, scrapping old gas- guzzling trucks for new hybrid vehicles. It

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Greene Corp. updated its fleet of trucks, scrapping old gas- guzzling trucks for new hybrid vehicles. It took its old trucks to the scrap yard and received $ 0. The fleet of trucks scrapped originally cost $ 190,000 and their current carrying value is $ 24,000. What is the entry to record the abandonment?
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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