Calculate the gain or loss on each of the following dispositions of property, plant and equipment. Place your answer in the highlighted space provided. A loss should be indicated by parentheses ( ), or a minus - sign.

Furniture Sold
Original cost of the furniture			14,000
Accumulated depreciation on the furniture			10,200
Fair market value of the replacement furniture			17,500
Sales price of the furniture sold			3,600
Gain or loss recognized
Pick-up truck exchanged for a new pick-up truck
Original cost of the truck			25,500
Accumulated depreciation of truck			23,000
Sticker price of new truck			29,000
Fair market value of the new truck			26,000
Cash paid to the dealer			23,500
Gain or loss recognized
Equipment destroyed by fire
Original cost of the equipment			17,500
Accumulated depreciation of equipment			3,500
Insurance proceeds			15,000
Cost to replace equipment			23,000
Gain or loss recognized