1, A truck that cost $15,000 and had $10,000 of accumulated depreciation was disposed of on January 1, 2016. Make the entries in correct from to record the followin1

A, Assume the truck was discarded as having no value.

B, Assume the truck was sold for $1,000 cash.

C, Assume the truck was sold for $7,500 cash.

2, Land, a building and equipment are purchased for $450,000. What should the allocation of the purchase price be for recording purposes if the land appraised at $300,000, the building at $175,000 and equipment at $50,000.

3, Western Wholesale Foods incurs several expenditures during the current fiscal year. Indicate how they should be recorded in their financial records: expensed or capitalized and depreciated?

A, Salaries for repair technicians $155,000

B, Remodeling of executive offices $84,000

C, Annual equipment maintenance costs $72,900

D, Replacement of production equipment for increased productivity $38,000

E, Addition of sprinkler system of Manufacturing facility $35,000