1) For each of the cases below, calculate the amount of the gain or loss. (Points: 20) a. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is sold for $15,000. b. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is sold for $18,000. c. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is traded for a new truck. The dealer is giving a trade-in allowance of $15,000 on the old truck and the farmer has to pay $18,000 to buy the new truck. d. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is traded for a new truck. The dealer is giving a trade-in allowance of $18,000 on the old truck and the farmer has to pay $15,000 to buy the new truck. e. Cows with base values of $3,000 were sold for $3,500. f. Cows with base values of $3,000 were sold for $2,700. g. The last time land was appraised, a parcel of land was reported with a market value of $60,000. The land was sold for $56,000. h. The last time land was appraised, a parcel of land was reported with a market value of $60,000. The land was sold for $65,000. 1) For each of the cases below, calculate the amount of the gain or loss. (Points: 20) a. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is sold for $15,000. b. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is sold for $18,000. c. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is traded for a new truck. The dealer is giving a trade-in allowance of $15,000 on the old truck and the farmer has to pay $18,000 to buy the new truck. d. A truck with a cost of $32,000 and accumulated depreciation of $15,000 is traded for a new truck. The dealer is giving a trade-in allowance of $18,000 on the old truck and the farmer has to pay $15,000 to buy the new truck. e. Cows with base values of $3,000 were sold for $3,500. f. Cows with base values of $3,000 were sold for $2,700. g. The last time land was appraised, a parcel of land was reported with a market value of $60,000. The land was sold for $56,000. h. The last time land was appraised, a parcel of land was reported with a market value of $60,000. The land was sold for $65,000