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[The following information applies to the questions displayed below.] Movelt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company
[The following information applies to the questions displayed below.] Movelt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $21,000. Movelt had originally purchased the truck for $35,000 and had recorded depreciation for three years. sing the following structure, indicate the effects (accounts, amounts, and + for increase and - for decrease) of the disposal of the ruck, assuming that Accumulated Depreciation was (a) $14,000, (b) $11,000, and (c) $19,000. (Enter any decreases to Assets, iabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity (21,000) Cash Accumulated Depreciation Equipment 21,000 Accumulated Depreciation-Equipment Cash (21,000) 21,000 Accumulated Depreciation-Equipment (21,000) 21,000 Cash
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