Current Attempt in Progress Prepare tabular summaries to record these transactions. (a) Oriole Company retires its delivery equipment, which cost $53,990. Accumulated depreciation is also $53,990 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,080 instead of $53,990. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) = (a) (b) al. Bal. $ $ Cash Cash + + $ LA Assets Equipment Assets Equipment (53990) LA $ $ Accum. Depr. - Equip. 53990 Accum. Depr.- Equip. = 11 Lial Lial

Current Attempt in Progress Prepare tabular summaries to record these transactions. (a) Oriole Company retires its delivery equipment, which cost $53,990. Accumulated depreciation is also $53,990 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,080 instead of $53,990. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)