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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 action to its 643 aircraft,
Required information [The following information applies to the questions displayed below) Movelt Corporation is the world's leading express-distribution company. In action to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages, Assume that Moveit sold a delivery truck for $29,000. Movelt had originally purchased the truck for $49,000 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) $20,000, (b) $17,000, and (c) $25,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets 29.000 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 faj $20,000. (by $17,000 and $25,000. (Enter any decreases to Assets. Liabilities, or Stockholders' Equity with a minus sign.) Liabilities Stockho (a) Cash 29,000 TI / DET - / - MacBook Pro
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