Naidu Companies is the world's leading express-distribution company. In addition to its 643 aircraft, the company...
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Naidu Companies is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57.00o0 ground vehicles that pick up and deliver packages. Assume that Naidu sold a delivery truck for $14.000. Naidu had originally purchased the vehicle and recorded it in the Truck account for $23,000 and had recorded depreciation for three years. 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and - for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $9,000, (b) $7,000, and (c) $15,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity |(a) Truck + Sales Revenue (a) Cash (a) 3D (b) Truck (b) Cash (b) (c) Truck (c) Cash (c) Naidu Companies is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57.00o0 ground vehicles that pick up and deliver packages. Assume that Naidu sold a delivery truck for $14.000. Naidu had originally purchased the vehicle and recorded it in the Truck account for $23,000 and had recorded depreciation for three years. 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and - for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $9,000, (b) $7,000, and (c) $15,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity |(a) Truck + Sales Revenue (a) Cash (a) 3D (b) Truck (b) Cash (b) (c) Truck (c) Cash (c)
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