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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. 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) $11,000, (b) $8,000, and (c) $13,000. (Enter any decreases to Assets, Llabilities, or Stockholders' Equity with a minus slgn.) Liabilities Stockholders' Equity (a) Assets Cash Accumulated Depreciation-Equipment Delivery Expense Cash Accumulated Depreciation-Buildings 16.000 57.000 (28.000) (b) (c)
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