Question: NEED STEP BY STEP ANSWER PLZ WILL UPVOTE IF DONE RIGHT Box 2 AB x 100 For James, Box 2 = 64 x 100 =

NEED STEP BY STEP ANSWER PLZ WILL UPVOTE IF DONE RIGHT

Box 2 AB x 100 For James, Box 2 = 64 x 100 = $6,400 Q2. Bob the Builder sold one of his used trucks for Box2: At the time of the sale, its book value was $8,000. As a result of this sale, what would be an impact on total assets? You will have to indicate increase or decrease and by how much. If you cannot determine the impact based on the information given, please write down "the impact cannot be determined". [6 marks]

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