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??| LI WileyPLUS ? ? O ? ?https://edugen.wileyplus.com/edugen/student/mainfrun CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Exercise 9-7 Thieu Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Copy of Chapter 9 Homework Assignment* Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If select No Entry or the account titles and enter o for the amounts) a Exercise9-5 (a) It was scrapped as having no value (b) It was sold for $37,000. (c) It was sold for $20,000. Exercise 9-11 Exercise 9-12 No. Account Titles and Explanation Debit Credit Review Results by Study Obiective

Explanation / Answer

no Account titles & Explanations Debit Credit a) Accumulated depreciation 24,000 loss on disposal 26,000 Equipment 50,000 b) Cash 37,000 Accumulated depreciation 24,000 Gain on disposal 11,000 Equipment 50,000 c) Cash 20,000 Accumulated depreciation 24,000 loss on disposal 6,000 Equipment 50,000

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