Business, 24.02.2020 23:21 mexicanvanilla
FedEx 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 650 aircraft and 58,000 vehicles and trailers that pick up and deliver packages. Assume that FedEx sold a delivery truck that had been used in the business for three years. The records of the company reflected the following: Delivery truck cost $ 35,000 Accumulated depreciation 23,000 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 field.) a. $12,000 cash b. $12,400 cash c. $11,500 cash
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