An entity sells a truck for 22,000 in cash. At the disposal date, with depreciation recognised up to that date, the truck is carried at a cost of 90,000 with accumulated depreciation of 63,000. Record the derecognition entry.
- Original cost of the truck
- 90,000
- Accumulated depreciation at the disposal date
- 63,000
- Disposal proceeds received
- 22,000