Asset disposal Top Speed, a leading courier company, sold a small delivery truck that had been used in the business for five years. The records of the company reflected the following:

Delivery truck cost $58 000 Accumulated depreciation $39 000 What is the journal entry for the disposal of the truck, assuming that the truck sold for:

1 $19 000 cash?

2 $29 000 cash?

3 $7100 cash?