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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 aircraft,

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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 aircraft, the company has more than 57.000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $25.000, Movelt had originally purchased the truck for $41.000 and had recorded depreciation for three years. 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was ($16,000. (D) $12,000 and (0) $18,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) - - 2 - . Required information View transaction fist 4 points Journal entry worksheet eBook Record the sale of the truck that has an accumulated depreciation balance of $16,000 at the time of disposal. Post Note: Citer debits before credits Transaction General Journal Debit Credit References Record entry Clear entry View general Journal 2 - 1 Required information View transaction list 4 points Journal entry worksheet

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