Express Co. has delivery equipment that cost ($ 48,000) and has been depreciated ($ 20,000) section*{Instructions} Record

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Express Co. has delivery equipment that cost \(\$ 48,000\) and has been depreciated \(\$ 20,000\)

\section*{Instructions}

Record entries for the disposal under the following assumptions:

(a) It was scrapped as having no value.

(b) It was sold for \(\$ 31,000\).

(c) It was sold for \(\$ 18,000\).

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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