Part 3 of 3 Required information E9- Demonstrating the Effect of Book Value on Reporting...
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Part 3 of 3 Required information E9- Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) (The following information applies to the questions displayed below.) points FedEx Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57.000 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $16.000. FedEx had originally purchased the truck for $28,000 and had recorded depreciation for three years. eBook E9-9 Part 4 Hint 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000. (b) $10,000, and (c) $15,000. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Print View transaction list References Journal entry worksheet 2 3 Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal
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