10 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.] Part 1 of 3 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 $11,000. Movelt had originally purchased the truck for $18,000 and had recorded depreciation for three years. 0.68/2.06 points awarded Scored E9-9 Part 1 Required: eBook 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.) Hint Gain/Loss Amount a. Loss Print b. Loss X $ 7,000 X $ 4,000 X $ 12,000 X C. Gain References 11 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 $11,000. Movelt had originally purchased the truck for $18,000 and had recorded depreciation for three years. Part 2013 1.87/2.06 points awarciedl Scored 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) $7,000,0)$4.000, and (c) $12,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Hint Assets Liabilities Stockholders' Equity (a) rim (b) References 11,000 7,000 (18,000) 11,000 4,000 (10,000) 11,000 (18,000) 12,000 Loss on Disposal Accumulated Depreciation Equipment Equipment Cash Accurriulated Depreciation Equipment Equipment Cash Accumulated Depreciation Equipment Equipment (3,000) (c) Gain on Disposal 5,000