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    J2thaENNA's Avatar
    J2thaENNA Posts: 1, Reputation: 1
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    #1

    Jan 29, 2009, 02:30 PM
    gain or loss
    Discarded a delivery truck that was purchased on January 1, 2004. The truck cost $41,900. It was depreciated based on a 6-year useful life with a $3,600 salvage value.
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #2

    Jan 29, 2009, 03:08 PM

    What is the accumulated depreciation on the truck? When you say discarded do you mean scrapped (disposed for no cash or other consideration)?
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