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Check my work 7 Part 2 of 3 Required information [The following information applies to the questions displayed below.] Movelt Corporation is the world's leading
Check my work 7 Part 2 of 3 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 $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 DepreciationTruck was (a) $18,000, (b) $12,000, and (c) $21,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities + Stockholders' Equity + + (a) (a) (a) (b) + + + + + + + + (b) (b) (c) ( (c) (c) + + + +
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