(Answered) Exercise- wang co has delivery equipment that cost 50980

Accounting

Exercise- Wang Co. has delivery equipment that cost $50,980 and has been depreciated $24,680.

Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a) It was scrapped as having no value.

(b) It was sold for $37,790.

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