Fast Delivery is the worlds largest express transportation company. In addition to the worlds largest fleet of all-cargo aircraft, the company has more than 669 aircraft and 62,000 vehicles and trailers that pick up and deliver packages. Assume that Fast Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the following:

Delivery truck cost	$	54,000
Accumulated depreciation		39,000

Required:

1. Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a. $15,000 cash

b. $17,000 cash

c. $14,300 cash