Question: p can you please answer this question very quickly i don't have much time 1. ABC Company purchased a delivery truck for $11,000 on January

p can you please answer this question very quickly i don't have

can you please answer this question very quickly i don't have much time

1. ABC Company purchased a delivery truck for $11,000 on January 1, 2020. The truck has an expected salvage value of $1,000 and is expected to have a useful life of 5 years and is depreciated using the straight-line method. Prepare journal entries to record the sale of the delivery truck in each of the three independent situations below. a. Sold for $3,000 on January 1, 2023 b. Sold for $7,000 on January 1, 2023 c Discarded or scrap the delivery truck on January 1, 2023

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