P10-6B Riggs Co. has delivery equipment that cost $50,000 and that has been depreciated

Price: $3.99

P10-6B Riggs Co. has delivery equipment that cost $50,000 and that has been depreciated

$24,000. Record the disposal under the following assumptions.

(a) It was scrapped as having no value.

(b) It was sold for $31,000.

(c) It was sold for $18,000.