Business, 08.04.2020 01:50 estrellaalcantar16

A city paid $40,000 for police cars with the expectation that they would have a useful life of 4 years. After 3 years, the city sold the cars for $3,000. How should the city account for the sale in the General Fund?

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A city paid $40,000 for police cars with the expectation that they would have a useful life of 4 yea...