E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5]

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MoveIt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that MoveIt sold a delivery truck for $17,000. MoveIt had originally purchased the truck for $29,000 and had recorded depreciation for three years.

Search C Movel C [The F C Movel C Move education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware% prary SLCC Google Translate Paraphrasing Tool |... S Shahid Anime - .... Make Images, Vide.. Desmos | Graphing. (4) Jah Khal pt 9 1 Saved Required information E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] The following information applies to the questions displayed below.] Movelt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $17,000. Movelt had originally purchased the truck for $29,000 and had recorded depreciation for three years E9-9 Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000, (b) $8,000, and (c) $14,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation wa Part 2 of 2 and (c) $14,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in t 2.5 View transaction list points Journal entry worksheet eBook Record the sale of the truck that has an accumulated depreciation balance of References $12,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit a Accumulated Depreciation- Equipment 12,000 Cash 17,000 Equipment 35,000 Record entry Clear entry View general journal4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12, Part 2 of 2 and (c) $14,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ac 2.5 View transaction list points Journal entry worksheet eBook 2 Record the sale of the truck that has an accumulated depreciation balance of References $8,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit b Accumulated Depreciation-Equipment 8,000 Cash 17,000 Loss on Disposal Record entry Clear entry View general journal of 8 Next > Mc Mc