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Required information E9-11 (Static) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed

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Required information E9-11 (Static) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed below.] FedEx Corporation is the world's leading express-distribution company, In addition to its 643 aircraft, the company has more than 91.000 ground vehicles that pick up and deliver packages. Assume that FedEx sold a dellvery truck for $16.000. FedEx had originally purchased the vehicle and recorded it in the Truck account for $28.000, and had recorded depreciation for three years: E9-11 (Static) Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation-Iruck was (a) $12,000. (b) $10,000, and (c) $15,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3 Record the sale of the truck that has an accumulated depreciation balance of $12,000 ot the time of disposal. Record the sale of the truck that has an accumulated depreciation balance of $10,000 at the time of disposal. Note: Enter debits before credits. Record the sale of the truck that has an accumulated depreciation balance of $15,000 at the time of disposal. Note: Enter debits before credits

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