Business, 13.11.2019 04:31 wrolle

Fedex corporation is the world's leading express-distribution company. in addition to the world's largest fleet of all-cargo aircraft, the company has more than 53,700 ground vehicles that pick up and deliver packages. assume fedex sold a delivery truck for $16,000. fedex had originally purchased the truck for $28,000, and had recorded depreciation for 3 years.
1) calculate the amount of gain or loss on disposal, assuming that accumulated depreciation was: (a) $12,000, (b) $10,000, (c) $15,000.
2) using the following structure, indicate the effects (accounts, amounts, and + or -) for the disposal of the truck in each of the three preceding situations.
assets = liabilities + stockholders' equity
3) prepare the journal entry to record the disposal of the truck for each situation in requirement 1.

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Fedex corporation is the world's leading express-distribution company. in addition to the world's la...