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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 alrcraft,
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 alrcraft, 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. 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $11,000, (b) $8,000, and (c) $13,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld.) View transaction list Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $11,000 at the time of disposal. Note: Enter debits before credits. Transaction Credit General Journal Accumulated Depreciation Equipment Cash Debit 11,000 a 16.000 Accumulated Other Comprehensive Income 27,000
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