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Sagot :
Based on the information given the appropriate journal entry by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.
Since the truck donated to his corporation has a fair value of the amount of $60,000 which is the worth of the truck (assets) which means that the appropriate journal entry to record the transaction will be:
Debit Truck $60,000
Credit Gain $60,000
(To record asset donated)
Inconclusion the journal entry by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.
Learn more about journal entry here:https://brainly.com/question/14694738
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