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15. On July 13, 2016, Bennet Company disposed of a delivery truck recorded in their accounting records with a cost of $125,000 and accumulated
15. On July 13, 2016, Bennet Company disposed of a delivery truck recorded in their accounting records with a cost of $125,000 and accumulated depreciation, as of July 13th, of $65,000. Record the journal entries under each of the following independent assumptions. a. The truck was sold for $55,000. b. The truck was sold for $60,000. The truck was sold for $65,000. d. The truck was destroyed, there was no insurance coverage.
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