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(1) Prepare journal entries to record the following. Sound Tracker Company retires its delivery equipment, which cost $47,000. Accumulated depreciation is also $47,000 on this

(1) Prepare journal entries to record the following.

Sound Tracker Company retires its delivery equipment, which cost $47,000. Accumulated depreciation is also $47,000 on this delivery equipment. No salvage value is received

(2) Prepare journal entries to record the following.

Sound Tracker Company retires its delivery equipment, which cost $47,000. Accumulated depreciation is $38,200, on the delivery equipment

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