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.) FedEx 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 deliver packages. Assume that FedEx sold a delivery truck for $15,000. FedEx had originally purchased the truck for $28,000 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) 7. value: 1.11 points E9-9 Part 1 Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $12,000. (b) $10,000, and (c) $15,000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount (a) (b) (c) Hints References eBook & Resources 2. Using the following structure, indicate the effects (accounts, amounts, and for Increase and - for decrease) for the disposal of the truck, assuming that Accumulated Depreciation was (a) 512,000, (o) $10,000, and (d) $15,000 (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign) Liabilities Stockholders' Equity D) le Hints References eBook & Resources Check my work 9. value 1.12 points E9-9 Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000, (b) $10,000, and (c) $15,000 ( no entry is required for a transaction event, select "No Journal Entry Required in the first account field) View transaction list Journal entry worksheet > 1 Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal. Note: Enter debits before credits Transaction General Journal Dab Gradit