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Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $15,000 at the time of disposal. Note: Enter debits
Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $15,000 at the time of disposal. Note: Enter debits before credits. Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $19,000 at the time of disposal. Note: Enter debits before credits. Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $23,000 at the time of disposal. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] WeDeliver Incorporated is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that WeDeliver sold a delivery truck for $28,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $47,000 and had recorded depreciation for three years. Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a) $19,000, (b) $15,000, and (c) $23,000. (Select "None" if there is no Gain or Loss.)
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