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! 4 Required information [The following information applies to the questions displayed below.] Part 1 of 3 Movelt Corporation is the world's leading express-distribution company.
! 4 Required information [The following information applies to the questions displayed below.] Part 1 of 3 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 $22,000. Movelt had originally purchased the truck for $37,000 and had recorded depreciation for three years. 8 points Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $15,000, (b) $13,000, and (c) $21,000. (Select "None" if there is no Gain or loss.) eBook Gain/Loss Amount Print a. b. C. 5 Required information (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 $22,000. Movelt had originally purchased the truck for $37,000 and had recorded depreciation for three years. Part 2 of 3 10 points 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and for decrease) of the disposal of the truck, assuming that Accumulated Depreciation was (a) $15,000, (b) $13,000, and (c) $21,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) eBook Assets Liabilities Stockholders' Equity Print (a) Cash Delivery Expense Loss on Disposal (b) Cash Delivery Expense (c) Gain on Disposal Cash Delivery Expense 6 Required information [The following information applies to the questions displayed below.] Part 3 of 3 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 $22,000. Movelt had originally purchased the truck for $37,000 and had recorded depreciation for three years. 10 points 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $15,000, (b) $13,000, and (c) $21,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) eBook View transaction list View journal entry worksheet Print No Transaction Debit Credit 1 General Journal Cash Accumulated Amortization Equipment 22,000 15.000 37,000 2 b Cash 22.000 13,000 Accumulated Amortization Delivery Expense Equipment 3 Cash Accumulated Depreciation Equipment
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