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 $14,000. MoveIt had originally purchased the truck for $23,000 and had recorded depreciation for three years.

4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $9,000, (b) $7,000, and (c) $15,000.