Assume the same information as in part (a), except that accumulated depreciation
ID: 2534484 • Letter: A
Question
Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,640 instead of 50,810.
no. Account titles and explanation - debit / credit
(a)
(b)
(a) Carla Vista Co. retires its delivery equipment, which cost $50,810. Accumulated depreciation is also $50,810 on this delivery equipment. No salvage value is received. (b)Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,640 instead of 50,810.
no. Account titles and explanation - debit / credit
(a)
(b)
Explanation / Answer
a) Journal entry :
b) Journal entry :
Date accounts & explanation debit credit Accumlated depreciation 50810 Delivery equipment 50810 (To record retirement of delivery equipment)