Lynch company owns and operates a delivery van that originally cost $47,900 lyn has recorded...
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Accounting
Lynch company owns and operates a delivery van that originally cost $ lyn has recorded straight line depreciation on the van for four years calculated assuming at $ expected salvage value at the end of its estimated six year useful life appreciation was last recorded at the end of the fourth year which lunch disposes of the van.
a Compute the net book value of the van on the disposal date.
b Compute the gain or loss on sale of the van if the disposal proceeds are:
Use a negative sign with your answer if the sale results in a loss.
A cash amount equal to the van's net book value.
$ cash. $
$ cash. $
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