[The following information applies to the questions displayed below.] 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 $19,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $31,000 and had recorded depreciation for three years. 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) $12,000, (b) $7,000, and (c) $15,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)
[The following information applies to the questions displayed below.] 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 $19,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $31,000 and had recorded depreciation for three years. 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) $12,000, (b) $7,000, and (c) $15,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
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
$19,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $31,000 and had
recorded depreciation for three years.
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) $12,000, (b) $7,000, and (c) $15,000. (Enter any decreases to Assets,
Liabilities, or Stockholders' Equity with a minus sign.)
(a)
(a)
(a)
(b)
(b)
(b)
(c)
(c)
(c)
Assets
=
=
Liabilities
+
+
+
+
+
Stockholders' Equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F152d606a-19d5-42cc-b16b-d3ab7c31caac%2F798f1add-075c-46c2-82ed-a46d94cbef3e%2Faq0901i_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
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
$19,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $31,000 and had
recorded depreciation for three years.
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) $12,000, (b) $7,000, and (c) $15,000. (Enter any decreases to Assets,
Liabilities, or Stockholders' Equity with a minus sign.)
(a)
(a)
(a)
(b)
(b)
(b)
(c)
(c)
(c)
Assets
=
=
Liabilities
+
+
+
+
+
Stockholders' Equity
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