Required information [The following information applies to the questions displayed below.] WeDeliver Incorporated is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that WeDeliver sold a delivery truck for $28,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $47,000 and had recorded depreciation for three years. 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $19,000, (b) $15,000, and (c) $23,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

Dalmatian Corp. follows IFRS and had the following transactions during its year ended December 31: Spent $135,000 developing its brand. Incurred development costs of $254,000 for a new product that met all the intangible asset recognition criteria on September 30 of that same year. Of the $254,000 spent, $160,000 was incurred after September 30. Purchased a customer list for $89,000 from a competitor that was closing its business. What is the total cost of intangible assets that were capitalized during 2020?

Shearer’s Foods, part of the $374 billion global snack food industry, employs 3,300 people in Brewster, Ohio. If Shearer’s purchased a packaging unit for $267,500 with a life expectancy of 705,000 units and a residual value of $56,000, what is the depreciation expense for year 1 if 85,000 units were produced?

Delta Air Lines owns hundreds of aircraft, with about 60 percent of its fleet consisting of Boeing aircraft, while Airbus aircraft make up about 40 percent. It sold seven used Boeing 767-300 jets to Amazon.com as Amazon plans to expand its growing Amazon Air cargo service. The average age of the jets is about 20 years old. Assume the records of the company reflected the following for the jets that were sold: Aircraft cost Accumulated depreciation Required: $ 62,600,000 46,700,000 1. Prepare the journal entry for the disposal of the airplanes, assuming that the airplanes sold for: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. a. $15,900,000 cash b. $16,400,000 cash c. $14,600,000 cash View transaction list Journal entry worksheet 1 2 3 Record the disposal of the aircraft, assuming the aircraft were sold for $15,900,000 cash. Note: Enter debits before credits. Transaction a. General Journal Debit Credit