Calculation of carrying value of the asset.
A. A company using the group method fro its delivery trucks retired one of its delivery truck after the average service life of the group was reached. Cash proceeds were received from a salvage company. The net carrying amount of these group assets accounts would be decreased by the ___________________
B. Nimbus Inc purchased certain assets under a deferred payment contract. The agreement was to pay $30,000 per year for 10 years. The plant assets should be valued at __________________