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WeDeliver Incorporated is the world's leading express-distribution company. In addition to Its 643 alrcraft, the company has more than 57,000 ground vehicles that plck up
WeDeliver Incorporated is the world's leading express-distribution company. In addition to Its 643 alrcraft, the company has more than 57,000 ground vehicles that plck up and dellver packages. Assume that WeDeliver sold a dellvery truck for $7,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $12,000 and had recorded depreclation for three years. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreclatlon--Truck was (a) $5,000,(b)$2,0 ) and (c) \$7,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the flrst account fleld.)
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