Homework:Homework - Chapter 11 - Due Date 4/21/2022

Question 10, BE11-14 (similar to)

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Part 1

Yuhu

Corp. updated its fleet of trucks, scrapping old gas-guzzling trucks for new hybrid vehicles. It took its old trucks to the scrap yard and received

$0.

The fleet of trucks scrapped originally cost

$193,000

and their current carrying value is

$25,900.

What is the entry to record the abandonment? (Record debits first, then credits. Exclude explanations from any journal entries.)