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 57000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $11,000. Movelt had originally purchased the truck for $18,000 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) $7,000, (b) $4,000, and (c) $12,000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount b