Question
Orlando Trucking has an old truck that cost $30,000 and has accumulated depreciation of $16,000. Assume two different situations: The company sells the old truck
Orlando Trucking has an old truck that cost $30,000 and has accumulated depreciation of $16,000. Assume two different situations: The company sells the old truck for $15,000 cash. 2)The truck is worthless, so the company simply retires it. a) What entry should Overland use to record scenario 1? b) What entry should Overland use to record scenario 2?
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Advanced Project Management A Structured Approach
Authors: Frederick Harrison, Dennis Lock
4th Edition
1138270636, 978-1138270633
