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9.7 Paid $8,000 for Installation of new factory machinery. 7.Paid $900 for a 1-year accident insurance policy on the new delivery truck. 8.Paid $75 motor

image text in transcribed9.7
Paid $8,000 for Installation of new factory machinery. 7.Paid $900 for a 1-year accident insurance policy on the new delivery truck. 8.Paid $75 motor vehicle license fee on the new truck. Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Record entries for the disposal under the following assumptions

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