Question: Hey, I need help with this question please. I dont know why its wrong.. Thank you for your time sir/ma'am! Return to question requireu llIIULID
Hey, I need help with this question please. I dont know why its wrong.. Thank you for your time sir/ma'am!

Return to question requireu llIIULID LIUI 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.) Part 2 of 3 FedEx 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 FedEx sold a delivery truck for $16,000. FedEx had originally purchased the truck for $28,000 and had recorded depreciation for three years. points E9-9 Part 2 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and - for decrease) of the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000, (b) $10,000, and (c) $15,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Answer is complete but not entirely correct. Liabilities Stockholders' Equity (a) (b) Retained Earnings % (18,000) Assets Cash Equipment Accumulated Depreciation-Equipment Cash Equipment Accumulated Depreciation Equipment Cases Equipment Accumulated Depreciation Equipment 0% (28,000) 12,000 (2.000) (28,000) 12,000 3,000 (28,000) 12,000 X ~ Retained Earnings (13,000)
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