chapter9 BACC211

my businesscourse.com Disposal of Plant Asset Canyon Company has a used delivery truck that originally cost $28,200. Straight-line depreciation on the truck has been recorded for three years, with a $3,000 expected salvage value at the end of its estimated six-year useful life. The last depreciation entry was made at the end of the third year. Four months into the fourth year, Canyon disposes of the truck. Required Prepare journal entries to record: a. Depredation expense to the date of disposal. b. Sale of the truck for cash at its book value. c. Sale of the truck for $15,500 cash. d. Sale of the truck for $12,500 cash. e Theft of the truck.Canyon carries no insurance for theft. General Journal Description Debit Credit To record depreciation expense for 4 months. To record sale of truck