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E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5 The folowing information applies to the questions displayed below Movelt Corporation

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E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5 The folowing information applies to the questions displayed below Movelt Corporation is the world's leading express-distribution company. In addition to the world's largest fleet of all-cargo aircraft, the company hes more than 54,000 ground vehicles that pick up and deliver packsges. Assume that Movelt sold a delivery truck for $29,000. Movelt had originaly purchased the truck for $49.000 and had recorded depreciation for three years. References Section Break E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal LO 9-5 Requires 0.23 points You did not receive full credit for this question in a previous attempt E9-9 Part Required Calolate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $20,000 D) $17,000, and (c) $25,.000. (Select "None" If there is no Galn or Loss E9-9 Part 2 2. Using the folowing structure, indicate the eects on disposal of the truck, assuming hat Accumdated Depreciation was (a) $20,000, (b) $17,000, and (c) $25,000. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign) Stockholders Equity Assets Liabilities

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