tutorial_6 - E813. Req. 1a Cash (+A). 5,000 Accumulated...

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E8–13. Req. 1a Cash (+A). .............................................................................. 5,000 Accumulated depreciation ( - XA, +A). ..................................... 23,000 Delivery truck ( - A). .............................................................. 28,000 Sale of an asset at book value; the result is no loss or gain. Req. 1b Cash (+A). ............................................................................. 5,600 Accumulated depreciation ( - XA, +A). ................................... 23,000 Gain on sale of long-lived asset (+Gain, +SE). ................ 600 Delivery truck ( - A). ............................................................ 28,000 Sale of an asset above book value; the result is a gain. Req. 1c Cash (+A). .............................................................................. 4,600 Accumulated depreciation ( - XA, +A). ..................................... 23,000 Loss on sale of long-lived asset (+Loss, - SE). ....................... 400
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This note was uploaded on 05/10/2011 for the course ACCT 1002 taught by Professor Ng during the Spring '11 term at National University of Singapore.

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tutorial_6 - E813. Req. 1a Cash (+A). 5,000 Accumulated...

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