Question: Yount Co. has delivery equipment that cost $50,000 and that has been depreciated $22,000. Record the disposal under the following assumptions. (a) It was scrapped

Yount Co. has delivery equipment that cost $50,000 and that has been depreciated

$22,000. Record the disposal under the following assumptions.

(a) It was scrapped as having no value.

(b) It was sold for $31,000.

(c) It was sold for $18,000.

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