Question: A company using the composite depreciation method for its fleet of trucks, cars, and campers retired one of its trucks and received cash from a

A company using the composite depreciation method for its fleet of trucks, cars, and campers retired one of its trucks and received cash from a salvage company. The net carrying amount of these composite asset accounts would be decreased by the

a. Cash proceeds received and original cost of the truck.

b. Cash proceeds received.

c. Original cost of the truck less the cash proceeds.

d. Original cost of the truck.

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