FedEx Corporation is the world%u2019s leading express-distribution company. In a
ID: 2373490 • Letter: F
Question
FedEx Corporation is the world%u2019s leading express-distribution company. In addition to the world%u2019s largest fleet of all-cargo aircraft, the company has more than 53,700 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $7,560. FedEx had originally purchased the truck for $17,200, and had recorded depreciation for three years.
Calculate the amount of gain or loss on the following disposal. (Input all amounts as positive values. If no effect, select "None". Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
FedEx Corporation is the world%u2019s leading express-distribution company. In addition to the world%u2019s largest fleet of all-cargo aircraft, the company has more than 53,700 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $7,560. FedEx had originally purchased the truck for $17,200, and had recorded depreciation for three years.
Explanation / Answer
remaining price after depreciation = 17200-9640 = 7560
profit = 7560-7560 = 0
none
b)
17200-8869 =8331
loss = 8331-7560 = $771
c)
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