Required information E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) [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. Assu $16,000. Movelt had originally purchased the truck for $27.000 and had recorded depreciation for three years. E9-9 Part 1 Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $11.000. (D) $8,000, and (c) $13,000. (Select "None" if there is no Gain or Loss.)