Answer Happy

E8-14 Recording the Disposal of an Asset and Financial Statement Effects LO8-5 FedEx Corporation is a global leader in express distribution. It has the world's largest fleet of all-cargo aircraft and thousands of vehicles and trailers to pick up and deliver packages. Assume that FedEx sold a small delivery truck that had been used in the business for three years. The records of the company reflect the following: Delivery truck Accumulated depreciation $27,350 23,330 Required: 1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was (a) $4,020, (b) $4,660, or (c) $3,680. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record the disposal of the truck assuming that the sales price was $4,020. 2 Record the disposal of the truck assuming that the sales price was $4,660. 3 Record the disposal of the truck assuming that the sales price was $3,680. X 020. lit 17