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Help E8-16 (Algo) Recording the Disposal of an Asset at Three Different Sale Prices L08-5 Fast Delivery is the world's largest express transportation company. In
Help E8-16 (Algo) Recording the Disposal of an Asset at Three Different Sale Prices L08-5 Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 669 aircraft and 61,000 vehicles and trailers that pick up and deliver packages. Assume that Fast Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the following: Delivery truck cost Accumulated depreciation $ 40,000 25,000 Required: 1. Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (if no entry is required for o transaction/event, select "No journal entry required" in the first account field.) a. $15,000 cash b. $17,300 cash c. $14,400 cash View transaction list View transaction list apped Box Journal entry worksheet 1 2 3 PM Record the disposal of the truck, assuming the truck was sold for $15,000 cash ferences Note: Enter debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet
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