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Reporting and Analyzing Long-Lived Assets Quostion 4 Thieu Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. How would you record the

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Reporting and Analyzing Long-Lived Assets Quostion 4 Thieu Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. How would you record the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $37,000. (c) It was sold for $20,000. Instructions Record disposal of equipment

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