(solution) Wang Co. has delivery equipment that cost $50,980 and has been

(solution) Wang Co. has delivery equipment that cost $50,980 and has been

   

Wang Co. has delivery equipment that cost $50,980 and has been depreciated $24,680.

Record entries for the disposal under the following assumptions.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a) It was scrapped as having no value.
(b) It was sold for $37,790.
(c) It was sold for $18,400.

No. Account Titles and Explanation Debit Credit
(a)
(b)
(c)

Wang Co. has delivery equipment that cost $50,980 and has been depreciated $24,680. Record entries for the disposal under the following assumptions.(Credit account titles are automatically indented…