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 the world's largest fleet of all-cargo aircraft, the company has more than 54,000 ground vehicles that pick up and delver packages. Assume that Movelt sold a delivery truck for $8.000. Movelt had originally purchased the truck for $14,000 and had recorded depreclation for three years. References Section Break E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] value: 0.25 points E9-9 Part1 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $6,000 (b) $4,000, and (c) $9,000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount C. 0.25 points E9-9 Part 2 2. Using the following structure, indicate the effects on disposal of the truck, assuming that Accumulated Depreciation was (a) $6,000, (b) S4,000, and (c) S9,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity E9-9 Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $6,000, (b) $4,000, and (c) $9,000.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list EX: Import a new list Record the sale of the truck that has an accumulated depreciation balance of $6,000 at the time of disposal. 1 ance of Record the sale of the truck that has an accumulated depreciation balance of $4,000 at the time of disposal. 2 Record the sale of the truck that has an accumulated depreciation balance of $9,000 at the time of disposal. 3 Credit Note: journal entry has been entered Record entry Clear entry View general journal