FedEx Corporation is the worlds leading express-distribution company. In addition to the worlds largest fleet of all-cargo aircraft, the company has more than 54,000 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $16,000. FedEx had originally purchased the truck for $28,000 and had recorded depreciation for three years.

1a. Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal.

2a.Record the sale of the truck that has an accumulated depreciation balance of $10,000 at the time of disposal.

3a.Record the sale of the truck that has an accumulated depreciation balance of $15,000 at the time of disposal.