Answer
(a)
Accumulated Depreciation 20,000 dollars
Loss on disposal of delivery equipment 30,000 dollars
Delivery equipment 50,000 dollars
(b)
Cash 37,000 dollars
Accumulated Depreciation 20,000 dollars
Delivery equipment 50,000 dollars
Gain on disposal of delivery equipment 7,000 dollars
(c)
Cash 18,000 dollars
Accumulated Depreciation 20,000 dollars
Loss on disposal of delivery equipment 12,000 dollars
Delivery equipment 50,000 dollars
Work Step by Step
(a)
To record disposal of delivery equipment as scrap
(b)
To record disposal of delivery equipment for 37,000 dollars
(c)
To record disposal of delivery equipment 18,000 dollars