Movelt Corporation is the worlds leading express distribution company in addition to the wirkds fleet of all-cargo aircraft, the company has more than 54,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $29,000. Movelt had originally purchased the truck for $49,000 and had recorded depreciation for three years.

Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was a) $20,000 b) $17,000 or c) $25,000

Gain/Loss and Amount

Using the following structure, indicate the effects of the disposal of the truck, assuming the Accumulated Depreciation was a) $20,000 b) $17,000 and c) $25,000.

Assets - Liabilities + Stockholders Equity

Enter any decreases to Assets, Liabilities or SE with minus sign