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! Required Information E 9 - 1 1 ( Algo ) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [ LO 9
Required Information
EAlgo Demonstrating the Effect of Book Value on Reporting an Asset Disposal LO
The following information applles to the questlons displayed below.
Jansen Affillates is the world's leading expressdistribution company. In addition to its alrcraft, the company has more than ground vehicles that pick up and deliver packages. Assume that Jansen sold a delivery truck for $ Jansen had originally purchased the vehicle and recorded it in the Truck account for $ and had recorded depreclation for three years.
EAlgo Part
Using the following structure, Indicate the effects accounts amounts, and for increase and for decrease of the disposal of the truck, assuming Accumulated DepreclationTruck was a $b $ and c $Enter any decreases to Assets, Llabllitles, or Stockholders' Equlty with a minus sign.
tableAssets,Liabilities,Stockholders' Equityaaabbbccc
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