(Solved): (a) Pharoah Company retires its delivery equipment, which cost $48,850. Accumulated depreciation is ...

(a) Pharoah Company retires its delivery equipment, which cost $\$48,850$. Accumulated depreciation is also $\$48,850$ on this delivery equipment, No salvage value is received (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $\$36,270$ instead of $\$48,850$