Question: Using the financial statement effects template, show how the disposal of the plane affects the balance sheet and income statement, assuming that the sales price

Using the financial statement effects template, show how the disposal of the plane affects the balance sheet and income statement, assuming that the sales price is:

1 .

Cash equal to the book value of the plane.

2 .

510, 000

cash.

3 .

1, 530, 000

cash.

Using the financial statement effects template,

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