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Ivanhoe Company has delivery equipment that cost $52,500 and has been depreciated $24.400. Record entries for the disposal under the following assumptions. (Credit account titles
Ivanhoe Company has delivery equipment that cost $52,500 and has been depreciated $24.400. Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) (a) (b) (c) It was scrapped as having no value. It was sold for $36,300. It was sold for $19,100. Debit Credit No. Account Titles and Explanation (a) Depreciation Expense 28100 Accumulated Depreciation-Equipment 28100 Equipment 52500 (b) cas 36300 Accumulated Depreciation-Equipment 24400 Equipment 52500 8200 (c) cas 19100 Accumulated Depreciation-Equipment 24400 9000 Equipment 52500
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