Exercise 9-7 Your answer is correct. Kemp Co. has delivery equipment that cost $54,380 and has been depreciated $24,210. 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 $37,680. (c) It was sold for $19,520.

Exercise 9-7
	Your answer is correct.

Kemp Co. has delivery equipment that cost $54,380 and has been depreciated $24,210.

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 $37,680.
(c)		It was sold for $19,520.

 

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