elegant transfort has a delivery van that was purchased on february 1.2019, for $90,000. the...
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elegant transfort has a delivery van that was purchased on february for $ the van had been depreciated on a straightline basis with an estimated residual value of $ and an edtimated useful life of six years. elegant transfort has a december year end. assume each of life. following four independent situations: on february elegant transport retires the van. on june elegant transport sells the van for cash. on september elegant transport sells the van for cash. on october elegant transport exchanges the old van. plus $ cash, for a new van. the old van has a fair value of $ the new van has a list price of $ but the dealer gives elegant transport a tradein allowance on the old van.. prepare the journal entry to record each of these situation
elegant transfort has a delivery van that was purchased on february for $ the van had been depreciated on a straightline basis with an estimated residual value of $ and an edtimated useful life of six years. elegant transfort has a december year end. assume each of life. following four independent situations: on february elegant transport retires the van. on june elegant transport sells the van for cash. on september elegant transport sells the van for cash. on october elegant transport exchanges the old van. plus $ cash, for a new van. the old van has a fair value of $ the new van has a list price of $ but the dealer gives elegant transport a tradein allowance on the old van.. prepare the journal entry to record each of these situation
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