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[The following information applies to the questions displayed below.] Naidu Companies is the worlds leading...

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Accounting

[The following information applies to the questions displayed below.] Naidu Companies is the worlds 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 Naidu sold a delivery truck for $23,000. Naidu had originally purchased the vehicle and recorded it in the Truck account for $39,000 and had recorded depreciation for three years. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $16,000, (b) $13,000, and (c) $19,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.

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