$!$

Required information

E$9-11($Algo$)$ Demonstrating the Effect of Book Value on Reporting an Asset Disposal $[$LO $9-5]$

$[$The following information applies to the questions displayed below.$]$

Nomad Industries 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 Nomad sold a delivery truck for $\backslash (\backslash$$ $15,000\backslash ).$ Nomad had originally purchased the vehicle and recorded it in the Truck account for $\backslash$$$25,000$ and had recorded depreciation for three years.

E$9-11($Algo$)$ Part $4$

$4.$ Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation$--$Truck was $($a$)\backslash (\backslash$$ $10,000\backslash ),($b$)\backslash (\backslash$$ $9,000\backslash ),$ and $($c$)\backslash (\backslash$$ $14,000\backslash ).($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

Record the sale of the truck that has an accumulated depreciation balance of $\backslash (\backslash$$ $10,000\backslash )$ at the time of disposal.

Note: Enter debits before credits. $!$

Required information

E$9-11($Algo$)$ Demonstrating the Effect of Book Value on Reporting an Asset Disposal $[$LO $9-5]$

$[$The following information applies to the questions displayed below.$]$

Nomad Industries 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 Nomad sold a delivery truck for $\backslash (\backslash$$ $15,000\backslash ).$ Nomad had originally purchased the vehicle and recorded it in the Truck account for $\backslash$$$25,000$ and had recorded depreciation for three years.

E$9-11($Algo$)$ Part $4$

$4.$ Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation$--$Truck was $($a$)\backslash$$$10,000,($b$)\backslash$$$9,000,$ and $($c$)\backslash (\backslash$$ $14,000\backslash ).($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

Record the sale of the truck that has an accumulated depreciation balance of $\backslash (\backslash$$ $9,000\backslash )$ at the time of disposal.

Note: Enter debits before credits. $!$

Required information

E$9-11($Algo$)$ Demonstrating the Effect of Book Value on Reporting an Asset Disposal $[$LO $9-5]$

$[$The following information applies to the questions displayed below.$]$

Nomad Industries 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 Nomad sold a delivery truck for $\backslash (\backslash$$ $15,000\backslash ).$ Nomad had originally purchased the vehicle and recorded it in the Truck account for $\backslash$$$25,000$ and had recorded depreciation for three years.

E$9-11($Algo$)$ Part $4$

$4.$ Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation$--$Truck was $($a$)\backslash (\backslash$$ $10,000\backslash ),($b$)\backslash (\backslash$$ $9,000\backslash ),$ and $($c$)\backslash (\backslash$$ $14,000\backslash ).($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

Record the sale of the truck that has an accumulated depreciation balance of $\backslash (\backslash$$ $14,000\backslash )$ at the time of disposal.

Note: Enter debits before credits.