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E$9-11($Algo$)$ Demonstrating the Effect of Book Value on Reporting an Asset Disposal $[$LO $9-5]$

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Nomad Industries is the world$$s leading express$-$distribution company. In addition to its $643$ aircraft, the company has more than $57,000$ ground vehicles that pick up and deliver packages. Assume that Nomad sold a delivery truck for $$25,000.$ Nomad had originally purchased the vehicle and recorded it in the Truck account for $$41,000$ and had recorded depreciation for three years.

E$9-11($Algo$)$ Part $2$

Using the following structure, indicate the effects $($accounts$,$ amounts, and $+$ for increase and $$ for decrease$)$ of the disposal of the truck, assuming Accumulated Depreciation$$Truck was $($a$)$ $$16,000,($b$)$ $$12,000,$ and $($c$)$ $$18,000.($Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.$)$Required information

E$9-11($Algo$)$ Demonstrating the Effect of Book Value on Reporting an Asset Disposal $[$LO $9-5]$

$[$The following information applies to the questions displayed below.$]$

Nomad Industries 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 Nomad sold a delivery truck for $$25,000.$ Nomad had originally purchased the vehicle and recorded it in the Truck account for $$41,000$ and had recorded depreciation for three years.

E$9-11($Algo$)$ Part $2$

$2.$ Using the following structure, indicate the effects $($accounts$,$ amounts, and $+$ for increase and $-$ for decrease$)$ of the disposal of the truck, assuming Accumulated Depreciation$-$Truck was $($a$)$ $$16,000,($b$)$ $$12,000,$ and $($c$)$ $$18,000.($Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.$)$