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1 Check my work Part 1 of 3 Required information. [The following information applies to the questions displayed below.) Liang and Cruz Deliveries is
1 Check my work Part 1 of 3 Required information. [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 $10,000. Liang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $16,000 and had recorded depreciation for three years. Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a) $6,000, (b) $5,000, and (c) $10,000. (Select "None" if there is no Gain or Loss.) (a) (b) (c) Gain/Loss Amount
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