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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
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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

User Artiom Gourevitch
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2 Answers

3 votes
D. Market Value Account
User Boroboris
by
4.7k points
1 vote

Answer:

depreciation account

Step-by-step explanation:

User Concat
by
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