, December 15 2021. Dalia and I have found a new delivery van that better suits the needs of our business. We purchased the van and it is being fitted with new counters and shelving. We no longer need the old 2011 Chevrolet delivery van once the new van is ready. The dealership told us that the old van could likely be sold privately for $8,000 and a competitor offered us a similar price. However, Dalias daughter would like the van. We both agreed that Dalia would take the van out of the partnership against her share of earnings. Our bookkeeper tells us that the accumulated amortization on the old van will be $5,140 at the end of this month when the new van is ready. Could you please assist us in recording the transfer of the van to Dalia?

PREPARE THE JOURNAL ENTRY TO TRANSFER OF THE OLD DELIVERY VAN ?