VOT Companies 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 VQT sold a delivery truck for $20,000, VOT had originally purchased the vehicle and recorded it in the Truck account for $33,000 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) $13,000, (b) $7,000, and (c) $17,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) (b) (b) (c) (c) (c) Assets (a) Accumulated Depreciation-Truck (a) (a). (b) 13,000 . . . . Liablities + Stockholders' Equity

VOT Companies 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 VQT sold a delivery truck for $20,000, VOT had originally purchased the vehicle and recorded it in the Truck account for $33,000 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) $13,000, (b) $7,000, and (c) $17,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) (b) (b) (c) (c) (c) Assets (a) Accumulated Depreciation-Truck (a) (a). (b) 13,000 . . . . Liablities + Stockholders' Equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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