#27

Required Information [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 $10.000. Movelt had originally purchased the truck 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 was (a) $6,000,(0)$5,000, and (c) $10,000 (Select "None" if there is no Gain or loss.) Gain/Loss Amount a b C