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. Assume that Movelt sold a delivery truck for $20,000. Movelt had originally purchased the truck for $33,000 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) $13,000, (6) $7,000, and (c) $17,000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount a. b. C. 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. Assume that Movelt sold a delivery truck for $20,000. Movelt had originally purchased the truck for $33,000 and had recorded depreciation for three years. E9-9 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 that Accumulated Depreciation was (a) $13,000, (b) $7,000, and (c) $17,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity (a) (b) (c)