Question: Jestion Completion Status: Moving to another question will save this response. Question 20 of 26 > >> Question 20 2 points Save Answer On jan.

Jestion Completion Status: Moving to another question will save this response.

Jestion Completion Status: Moving to another question will save this response. Question 20 of 26 > >> Question 20 2 points Save Answer On jan. 1.2004. Acme Industries placed into service a lift truck that had a capitalized acquisition cost of $22,000, an estimated useful life of 12 years, and an estimated salvage value of $1,000. Acme depreciated the lift truck through the end of its useful life, and then retired the truck. The journal entry on the retirement date should include: A debit to accumulated depreciation for 521.000 and a credit to salvage value for $1,000. A debit to accumulated depreciation for 521.000 and a debit to loss on sale for 51.000. Acredit to lift truck for $22.000 and a credit to loss on sale for $1.000. Acredit to lift truck for 522.000 and a debit to salvage value for $1.000. Moving to another question will save this response. Question 20 of 26 DOLL LUS VER

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