4) Assumption: On December 31, Xxx0, JJJ Company sold an old truck for $10,000 cash. The accumulated depreciation of this truck was $16,000. The priginal cost of the truck was $30,000. Actions to take: 1. Calculate the book value of the asset at the time of disposal. 2. Compare the asset book value with the proceeds received to determine whether is a gain or loss. 3. Prepare the Journal Entries to record the sale. Disposal = disposicin Proceeds = producto, ganancia