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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 $27,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $45,000 and had recorded depreciation for three years 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation-Truck was ya) $18,000,(6) $12,000, and (c) 521,000 (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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