2. Using the following structure, indicate the effects (accounts, amounts, and+for increase and-for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $15,000, (b) $13,000, and (c)$21,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign) 338282383 (4) (1) M Required information [The following information applies to the questions displayed below) OnTime Packaging 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 OnTime sold a delivery truck for $22,000. OnTime had originally purchased the vehicle and recorded it in the Truck account for $37,000 and had recorded depreciation for three years. B .. . . . W Liabilities . . . • ♦ . Stockholders' Equity

2. Using the following structure, indicate the effects (accounts, amounts, and+for increase and-for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $15,000, (b) $13,000, and (c)$21,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign) 338282383 (4) (1) M Required information [The following information applies to the questions displayed below) OnTime Packaging 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 OnTime sold a delivery truck for $22,000. OnTime had originally purchased the vehicle and recorded it in the Truck account for $37,000 and had recorded depreciation for three years. B .. . . . W Liabilities . . . • ♦ . Stockholders' Equity

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.2.1MBA

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(a) (a) (a) (b) (b) (b) Required information [The following information applies to the questions displayed below.] 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $19,000, (b) $15,000, and (c) $23,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) (c) (c) (c) WeDeliver Incorporated 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 WeDeliver sold a delivery truck for $28,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $47,000 and had recorded depreciation for three years. Assets = = = Liabilities + + Stockholders' Equity
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