Fancy's Floral Supply had a cooling system delivery truck with an accumulated depreciation of $45,000. The original cost of the truck had been $90,000, and they sold it for $30,000. What will be the result of this particular sale? O net income will increase $15,000 net income will decrease $30,000 O net income will decrease $15,000 O net income will increase $30,000

Fancy's Floral Supply had a cooling system delivery truck with an accumulated depreciation of $45,000. The original cost of the truck had been $90,000, and they sold it for $30,000. What will be the result of this particular sale? O net income will increase $15,000 net income will decrease $30,000 O net income will decrease $15,000 O net income will increase $30,000

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Description: Fancy's Floral Supply had a cooling system delivery truck with an accumulated depreciation of $45,000. The original cost of the truckhad been $90,000, and they sold it for $30,000. What will be the result of this particular sale?net income will incr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A5
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