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Requlred Informotlon

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Movelt Corporation is the world's le$$ding express$-$distribution company. In addition to its $643$ aircraft, the company has more than $57,000$ ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $$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.

$4.$ Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation$-$Truck was $($a$)$ $$18,000,($b$)$ $$12,000,$ and $($c$)$ $$21,000.($If no entry is requlred for a transactlon$/$event$,$ select $"$No Journal Entry Requlred" In the first account fleld.$)$

Journal entry worksheet

$1.$

$2$

$3$

Record the sale of the truck that has an accumulated depreciation balance of $$21,000$ at the time of disposal.

Note: Enter debits before credits.