! Required information [The following information applies to the questions displayed below.] WeDeliver Incorporated is...
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! Required information [The following information applies to the questions displayed below.] WeDeliver Incorporated 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 WeDeliver sold a delivery truck for $7,000. WeDeliver had originally purchased the vehicle and recorded it in the Truck account for $12,000 and had recorded depreciation for three years. Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated DepreciationTruck was (a) $5,000, (b) $2,000, and (c) $7,000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount (a) (b) (c)
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