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Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed
Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed below.] Liang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a delivery truck for $21,000. Liang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $35,000 and had recorded depreciation for three years. 9-11 (Algo) Part 2 Using the following structure, indicate the effects (accounts, amounts, and + for increase and - for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) \$14,000, (b) \$11,000, and (c) \$19,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)
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