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Required information E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO...

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Required information E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) The following information applies to the questions displayed below.) FedEx Corporation 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 FedEx sold a delivery truck for $16.000. FedEx had originally purchased the truck for $28.000 and had recorded depreciation for three years. E9.9 Part 4 4. Prepare the Journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000, (6) $10,000, and (0) $15,000.00f no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $10,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit b Cash 16,000 Accumulated Depreciation Equipment Record entry Clear entry View general journal View transaction list Journal entry worksheet

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