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1 Required information [ The following information applies to the questions displayed below. ] Movelt Corporation is the world's leading express - distribution company. In

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[The following information applies to the questions displayed below.]
Movelt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $27,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $45,000 and had recorded depreciation for three years.
2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and - for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $18,000,(b) $12,000, and (c) $21,000.(Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)
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