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 Movelt Corporation 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 Movelt sold a delivery truck for $17,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $29,000 and had recorded depreciation for three years. E9-11 (Algo) Part 2 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) $12.000, (b) $8.000, and (c) $14,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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E9-11 (Algo) Part 2
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) $12.000, b) $8.000, and (c) $14,000. (Enter any decreases to Assets,
Liabilities, or Stockholders' Equity with a minus sign.)
(0)
100
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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]
do
thy
tia
(c)
[R)
Movelt Corporation 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 Movelt sold a delivery truck for
$17,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $29,000 and had recorded
depreciation for three years.
Assets
.
=
=
Liabilities
.
.
Stockholders' Equity
Transcribed Image Text:(0) tas E9-11 (Algo) Part 2 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) $12.000, b) $8.000, and (c) $14,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) (0) 100 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] do thy tia (c) [R) Movelt Corporation 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 Movelt sold a delivery truck for $17,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $29,000 and had recorded depreciation for three years. Assets . = = Liabilities . . Stockholders' Equity
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