Question

Gourmet Pizza’s Delivery disposed of a delivery car after using it three years. The records of the company provide the following information:
Delivery car ......... $25,000
Accumulated depreciation ... 15,000
Calculate the gain or loss on the disposal of the car for each of the following independent situations:
1. Gourmet Pizza’s sold the car to Desserts on Wheels for $13,500.
2. Gourmet Pizza’s sold the car to Premium Beer Corporation for $10,000.
3. Gourmet Pizza’s sold the car to Organic Food Market for $8,250.
4. The car was stolen out of Gourmet Pizza’s parking lot, and the company had no insurance.



$1.99
Sales0
Views57
Comments0
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000