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Required information [The following information applies to the questions displayed below.] Naidu Companies 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.] Naidu Companies 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 Naidu sold a delivery truck for $14,000. Naidu had originally purchased the vehicle and recorded it in the Truck account for $23,000 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 Accumulated Depreciation-Truck was (a) $9,000, (b) $7,000, and (c) $15,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity (a) Truck Sales Revenue (a) Cash + (a) = + Truck - + (b) (b) Cash = + (b) + (c) + Truck Cash (c) + (c) +

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