Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 663 alrcraft and 63,000 vehicles and trailers that pick up and deliver packages. Assume that Fast Delivery sold a dellvery truck that had been used in the business for three years. The records of the company reflected the following: Delivery truck cont Aceumulated depreciation $ 50,000 35,100 Required: 1. Prepare the Journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No Journal entry required" In the first account fleld.) a. $14,900 cash b. $17,500 cash c. $14,000 cash View transaction llat Journal entry worksheet 3 Record the disposal of the truck, assuming the truck was sold for $14,900 cash. Note Enter debits before credits Transaction General Journal Debit Credit a.

Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 663 alrcraft and 63,000 vehicles and trailers that pick up and deliver packages. Assume that Fast Delivery sold a dellvery truck that had been used in the business for three years. The records of the company reflected the following: Delivery truck cont Aceumulated depreciation $ 50,000 35,100 Required: 1. Prepare the Journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No Journal entry required" In the first account fleld.) a. $14,900 cash b. $17,500 cash c. $14,000 cash View transaction llat Journal entry worksheet 3 Record the disposal of the truck, assuming the truck was sold for $14,900 cash. Note Enter debits before credits Transaction General Journal Debit Credit a.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 12EA: Sand River Sales has a fork truck used in its warehouse operations. The truck had an original useful...

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Sand River Sales has a fork truck used in its warehouse operations. The truck had an original useful life of five years. However, after depreciating the asset for three years, the company makes a major repair that extends the life by four years. What is the remaining useful life after the major repair?
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