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! Required information [The following information applies to the questions displayed below.] Movelt Corporation is the world's leading express-distribution company. In addition to its 643
! Required information [The following information applies to the questions displayed below.] Movelt Corporation is the world's 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 Movelt sold a delivery truck for $16,000. Movelt had originally purchased the truck for $27,000 and had recorded depreciation for three years. 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and for decrease) of the disposal of the truck, assuming that Accumulated Depreciation was (a) $11,000, (b) $8,000, and (c) $13,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Liabilities Stockholders' (a) 16,000 57,000 Assets Cash Accumulated Depreciation Equipment Delivery Expense Cash Accumulated Depreciation Buildings (28,000) (b)
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