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Computing Depreciation, Net Book Value, and Gain or Loss on Asset Sale a . At the disposal date, what is the ( 1 ) cumulative

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Computing Depreciation, Net Book Value, and Gain or Loss on Asset Sale
a. At the disposal date, what is the (1) cumulative depreciation expense and (2) net book value of the plane?
(1) Cumulative depreciation expense $0
(2) Net book value
b. How much gain or loss is reported at disposal if the sales price is:
Note: Do not use a negative sign with your answers.
\table[[,Sales Price,Gain or Loss,],[1.,A cash amount equal to the plane's net book value.,$,hat(AA)
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