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HW9#16b: Retirement of Plant Assets Prepare the Journal Entry for the scenario. Balance Sheet Presentation (Equipment-Scrapped) FEDEX Delivery Equipment: $50,000 Less: Accumulated Depreciation: ($24.000) Net

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HW9#16b: Retirement of Plant Assets Prepare the Journal Entry for the scenario. Balance Sheet Presentation (Equipment-Scrapped) FEDEX Delivery Equipment: $50,000 Less: Accumulated Depreciation: ($24.000) Net Equipment- Book Value $26, 000 Instructions: Equipment was scrapped as having no value; prepare the Journal Entry for the disposal of the plant asset Debit Debit Credit 9-23

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