Prepare journal entries to record these transactions:
(a) sheridan company retires its delivery equipment, which cost $47,790. accumulated depreciation is also $47,790 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 $37,660 instead of 47,790.

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position