Acc291 Principles of Accounting: E9-7 Wang Co. has delivery equipment that cost
Acc291 Principles of Accounting Exercise 9-7 Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000.
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 $37,000. (c) It was sold for $20,000.