5 Part 2 of 3 4 points Return to question ! Required information E9-11 (Algo) 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 $6,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $10,000 and had recorded depreciation for three years. E9-11 (Algo) 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 Accumulated Depreciation-Truck was (a) $4,000, (b) $3,000, and (c) $5,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets (a) Cash 6.000 Answer is complete but not entirely correct. Liabilities + Return to question 5 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and - for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $4,000, (b) $3,000, and (c) $5,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Part 2 of 3 4 points Assets (a) Cash 6,000 = II (a) Delivery Expense (10,000) = (a) Accumulated Depreciation-Truck 4,000 = (b) Cash 6,000 = (b) (b) Delivery Expense Accumulated Depreciation-Truck (10,000) = 3,000 = (c) Cash 6,000 = (c) Delivery Expense (10,000) = (c) Accumulated Depreciation-Truck 5,000 = II Answer is complete but not entirely correct. Liabilities + + + + + + Retained Earni + + + Retained Earni 5 Part 2 of 3 unts, amounts, and + for increase and - for decrease) of the disposal of the (a) $4,000, (b) $3,000, and (c) $5,000. (Enter any decreases to Assets, 4 points 6,000 ,000) 4,000 6,000 ,000) II = II Answer is complete but not entirely correct. Liabilities + + + + + Stockholders' Equity Return to question + Retained Earnings (1,000) + + Retained Earnings 3,000 = 6,000 = ,000) + 5,000 = 1,000