a truck which cost $30,000 and on which $22,000 of accumulated depreciation had been recorded was disposed of on january 3. calculate the amount of the gain or loss and write the journal entry necessary to record the disposal under each of the following indepenedent assumptions.

had been recorded was disposed of on January 3. Calculate the amount of the gain or loss and write the journal entry necessary to record the disposal under each of the following independent assumptions: (4 points) a. It was scrapped for no value Date Account Titles Debit Credit b. It was sold for $12,000. Date Account Titles Debit Credit It was sold for $7,500 Date Account Titles Debit Credit