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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
At the end of the year Panda Inn owns a fleet of 15 trucks all of which have 10 year useful lives, $1000 residual values and depreciated under GAAPs straight-line method. The CEO has authorized the sale one five-year-old truck whose original cost was $45000 at December 31st. A few months later on March 29th a buyer is found and panda receives the Kelly blue book fair market value of $16900 for the automobile. Please show calculation and record JE (s)
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