Business, 30.10.2019 02:31, townselt6855

Problem iv: on 1/1/x1, wolfpack creamery sold one of its ice cream trucks for $35,000 cash. just prior to its sale, the "truck" asset account had a normal account balance of $60,000 and its related "accumulated depreciation" account had a normal account balance of $28,000. a. compute the amount of gain or loss on the sale by comparing the book value of the sold asset to the cash received. amount: _$ cash received 3500 book value of asset given up 32000 gain/loss on sale 3000

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Problem iv: on 1/1/x1, wolfpack creamery sold one of its ice cream trucks for $35,000 cash. just pr...