1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
3 years ago
14

Fast Delivery is the world’s largest express transportation company. In addition to the world’s largest fleet of all-cargo aircr

aft, the company has more than 654 aircraft and 52,000 vehicles and trailers that pick up and deliver packages. Assume that Fast Delivery 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 $ 42,000
Accumulated depreciation 26,800

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. $15,200 cash
b. $16,500 cash
c. $14,000 cash
Business
1 answer:
lara [203]3 years ago
6 0

Answer and Explanation:

The journal entries are shown below:              

a. Cash   $15,200  

   Accumulate depreciation $26,800  

               To Delivery truck   $42,000

(Being the disposal of the truck is recorded)

b. Cash   $16,500  

Accumulate depreciation $26,800  

              To Delivery truck   $42,000  

              To Gain on sale   $1,300

(Being the disposal of the truck is recorded)

c. Cash   $14,000  

Accumulate depreciation $26,800  

loss on sale  $1,200  

       To Delivery truck   42,000

(Being the disposal of the truck is recorded)

You might be interested in
The following information relates to a product produced by Marigold Company: Direct materials $20 Direct labor 10 Variable overh
Tomtit [17]

Answer:

The incremental cost per unit associated with the special order is $60.

Explanation:

Direct materials                                               20

Direct labor                                                       10

Variable overhead                                           20

Variable selling and administrative                 10  

Total                                                                  60

Therefore, The incremental cost per unit associated with the special order is $60.

6 0
4 years ago
Create a list of five action verbs you might use on a job application to describe skills and/or work history. Here are some exam
kotegsom [21]

Answer:

Examples:

• accomplished

• designed

• initiated

• supervised

• addressed

• corresponded

• persuaded

• publicized

• reconciled

• executed

• monitored

• operated

• consolidated

• appointed

• delegated

• established

Explanation:

Action verbs: One type of power word is an action verb. This kind of verb shows your ability to succeed. These words demonstrate the skills you have used in previous jobs to achieve success. I added in some more because I'm extra.

Hope this helps. :)

7 0
3 years ago
"during the 1980s, incompatible computer products resulted in ____."
PIT_PIT [208]
Excessive spare parts inventories, a lack of transferable employee skills, increased support costs.
7 0
3 years ago
Which law provides safety from sexual harassment
kumpel [21]
Employment Discrimination Law, <span>Civil Rights Law</span>
4 0
4 years ago
Read 2 more answers
Monetary Policy in Flosserland: In Flosserland, the Department of Finance is responsible for monetary policy. Flosserland has ha
evablogger [386]

Answer:

The correct answer is d) neither the long-run Phillips curve nor the Classical dichotomy.

Explanation:

The answer that best suits the situation described is the Phillips curve in the short term but not in the long term.

The Phillips curve starts from the principle that the amount of money circulating (commonly called "money supply") has real effects on the economy in the short term. In this way, an increase in the money supply would have a beneficial effect on aggregate demand, as citizens will spend more when their nominal wages are increased (known as “monetary illusion”) and a more favorable framework for investment and investment will be created. that the prospects of rising prices will improve the expectations of corporate profits. The improvement in aggregate demand would result in greater economic growth, and this in turn in the creation of new jobs. This is how an inverse relationship between inflation and unemployment is established, expressed graphically by a downward curve.

3 0
4 years ago
Other questions:
  • In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazine
    6·1 answer
  • Employers who receive a citation and want to protest it should contact osha within
    10·1 answer
  • Where do most banks get the text to explain their calculations of interest?
    7·1 answer
  • Janice is trying to determine what type of training should be developed for her employee Greg. Janice knows that Greg is a hands
    5·1 answer
  • Buffalo bill's publicity agent, john burke, used _________ to promote bill's wild west show.
    5·1 answer
  • Quirk Drugs sold an issue of 30-year $1,000 par value bonds to the public that carry a 10.85% coupon rate, payable semi-annually
    15·1 answer
  • What factors determine a company’s total revenue? Do higher prices lead to increased revenues for a company?
    12·2 answers
  • Earley Corporation issued perpetual preferred stock with a 10% annual dividend. The stock currently yields 8%, and its par value
    7·1 answer
  • Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3
    7·1 answer
  • All of the following are examples of mixed economies EXCEPT
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!