9328

Journalize the following disposal of asset on June 30, 2018. A) A car purchase on Jan 1, 2015 for $25,000 had a useful life for 5 years with no salvage value and depreciated until Dec. 31, 2017. The vehicle was sold for $14,000 cash on June 30, 2018. Depreciation for year 2018. Disposal of the vehicle.