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Part 2 of 3 Required information E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 0-5] [The following information applies to
Part 2 of 3 Required information E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 0-5] [The following information applies to the questions displayed below] points FedEx Corporation is the world's leading express-distribution company. In addition to its 643 alrcraft, the company has more than 57.000 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $16.000. FedEx had originally purchased the truck for $28,000 and had recorded depreciation for three years. eBook E9-9 Part 2 2 Using the following structure. Indicate the effects accounts, amounts, and - for increase and - for decrease) of the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000, (b) $10.000, and (c) $15,000. (Enter any decreases to Assets. Liabilities, or Stockholders' Equity with a minus sign.) Assets = Liabilities + Stockholders' Equity References
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