MoveIt Corporation is the worlds 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 MoveIt sold a delivery truck for $27,000 MoveIt had originally purchased the vehicle and recorded it in the Truck account for $45,000 and had recorded depreciation for three years Calculate the amount of gain or loss on disposal, assuming that Accumulated DepreciationTruck was (a) $18,000, (b) $12,000, and (c) $21,000 (Select None if there is no Gain or Loss ) 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 ) 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 required for a transaction event, select No Journal Entry Required in the first account field ) Gain Loss Amount (a) (b) (c) Liabilities Stockholders' Equity 10000 Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $18,000 at the time of disposal Note Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal Note Enter debits before credits Transaction General Journal Debit Credit b Record entry Clear entry View general Journal Journal entry worksheet

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MoveIt Corporation is the worlds leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up

MoveIt Corporation is the worlds 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 MoveIt sold a delivery truck for $27,000. MoveIt had originally purchased the vehicle and recorded it in the Truck account for $45,000 and had recorded depreciation for three years.

Calculate the amount of gain or loss on disposal, assuming that Accumulated DepreciationTruck was (a) $18,000, (b) $12,000, and (c) $21,000. (Select "None" if there is no Gain or Loss.)

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.)

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 required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Gain/Loss Amount (a) (b) (c) Liabilities Stockholders' Equity 10000 Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $18,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general Journal Journal entry worksheet