Question

Prepare journal entries to record the following.
(a) Sound Tracker Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No salvage value is received.
(b) Assume the same information as (a), except that accumulated depreciation is $37,000, instead of $41,000, on the delivery equipment.



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  • CreatedJanuary 30, 2014
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