Chapter 9 exercises Saved Help Save 10 Required information [The following information applies to the questions displayed below.) Part 1 of 3 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 $7,000. Movelt had originally purchased the truck for $12,000 and had recorded depreciation for three years. 1.25 points X 02:46:04 Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $5,000, (b) $2,000, and (c) $7,000. (Select "None" if there is no Gain or Loss.) eBook Amount $ Hint Gain/Loss a. None b. Loss c. Gain Print References