Questions 10-12 (of 21 E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal ILO 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 $10,000, Movelt had originaly purchased the truck for $16,000 and had recorded depreciation for three years. E9.9 Demonstrating the Effect of Book Value on Reporting Section Break an Asset Disposal (LO 95] 10. 0.52 points E9-9 Part 1 Required: 1. Calculate the amount of gain or loss on disposal, assuming that Aocumulated Depreciation was (a) $6,000. (b) $5,000, and (c) $10,000, (Select "None" if there is no Gain or Loss Hints References eBook & Resources