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Assignment 4 - Chapters 8 and 9 aunchid24138dc5-3612-4587-9642-bt4f809b0187/fore Question 9 of 11 View Policies Current Attempt in Progress .../15 Presented here are selected transactions for

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Assignment 4 - Chapters 8 and 9 aunchid24138dc5-3612-4587-9642-bt4f809b0187/fore Question 9 of 11 View Policies Current Attempt in Progress .../15 Presented here are selected transactions for Carla Vista Limited for 2021. Carla Vista uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Sold a delivery truck for $19.440 cash. The truck cost $66,890 when it was purchased on January 1, 2018, and was depreciated based on a four-year useful life with a $6,590 residual value. Sold computers that were purchased on January 1, 2019. They cost $11.682 and had a useful life of three years with no residual value. The computers were sold for $460 cash. Retired equipment that was purchased on January 1, 2012. The equipment cost $149,500 and had a useful life of 10 years with no residual value. No proceeds were received. Dec. 30 Question 9 of 11 .../15 (b) Assume that when the delivery truck was sold on January 1, the accountant only recorded a debit to Cash and a credit to Gain on Disposal. Because of this, also assume that the accountant recorded depreciation on this asset for 2021. What accounts are now overstated or understated as a result of these errors? Gain on Disposal Accumulated Depreciation - Vehicles C Vehicles C Depreciation Expense Loss on Disposal e Textbook and Media List of Accounts

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