Nomad Industries 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 Nomad sold a delivery truck for $25,000. Nomad had originally purchased the vehicle and recorded it in the Truck account for $41,000 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) $16,000, (b) $12,000, and (c) $18,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

TRANSACTION LIST:

• 1 Record the sale of the truck that has an accumulated depreciation balance of $16,000 at the time of disposal.

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

• 3 Record the sale of the truck that has an accumulated depreciation balance of $18,000 at the time of disposal.

Journal entry worksheet 1 2 3 Record the sale of the truck that has an accumulated depreciation balance of $16,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit