Required

Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $15,000, (b) $13,000, and (c) $21,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

The following information applies to the questions displayed below Movelt Corporation is the world's leading express-distribution company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 54,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $22,000. Movelt had originally purchased the truck for $37,000 and had recorded depreciation for three years. 7. value: 1.00 points Required infor Required 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $15,000, (b) $13,000, and (c) $21,000. (Select "None" if there is no Gain or Loss.) GainiLoss Amount a. b. C