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What the entry to record this event would include a

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Question 1: A truck costing $14,000 and on which $12,000 of accumulated depreciation has been recorded was disposed of for $3,000 cash. The entry to record this event would include a

Select one:

Option 1: credit to Accumulated Depreciation for $12,000.

Option 2: credit to the Truck account for $3,000.

Option 3: loss on disposal of $1,000.

Option 4: gain on disposal of $1,000.

Reference no: EM132782779

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