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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: If a county receives $27,000, for the sale of a dump truck with a historical cos
Post by: goji.go on Oct 21, 2014
If a county receives $27,000, for the sale of a dump truck with a historical cost of $60,000, and accumulated depreciation of $25,000, the one-worksheet conversion adjustment would be
      Debit   Credit
A.   Other Financing Source – Sale of Vehicle
Accumulated Depreciation – Vehicle
Loss on sale of vehicle
   Vehicle   27,000
25,000
8,000   


60,000
B.   Other Financing Source – Sale of Vehicle
   Vehicle   27,000   
27,000
C.   Other Financing Source – Sale of Vehicle
Accumulated Depreciation – Vehicle
   Vehicle   27,000
33,000   

60,000
D.   Other Financing Source – Sale of Vehicle
Loss on sale of vehicle
   Vehicle   27,000
33,000   

60,000


Title: Re: If a county receives $27,000, for the sale of a dump truck with a historical cos
Post by: f_zah1 on Oct 22, 2014
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