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.] MoveIt Corporation 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 MoveIt sold a delivery truck for $31,000. MoveIt had originally purchased the truck for $51,000 and had recorded depreciation for three years. E9-9 Part 4 Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $20,000, (b) $16,000, and (c) $26,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $20,000 at the time of disposal Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal