Question: Problem IV - 32 points Graham Construction purchased a dump truck 4 years ago for $46,000. Currently the accumulated depreciation on the dump truck is

Problem IV - 32 points Graham Construction purchased a dump truck

Problem IV - 32 points Graham Construction purchased a dump truck 4 years ago for $46,000. Currently the accumulated depreciation on the dump truck is $37,000. Prepare journal entries to show the sale or scrap of the dump truck on August 15th, 2011 assuming: 1. The dump truck is sold for $15,000. 2. The dump truck is sold for $5,000. 3. The dump truck is scrapped

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