computompany llU DODI Dlation, uses its own executive charer Asset company uses its own executive charter plane that originally cost $800.000.It has recorded Book Value, and Gain or Loss on Asset Sale depreciation on the plane for six full years, with an s80.000 expected salvage value at its estimated 10-year useful life. Sloan disposes of the plane at the end of the sixth year. recorded the end of iis plane? the disposal date, what is the (1) accumulated depreciation and (2) net book valueoft . At value of the Pr epare a journal entry to record the disposal of the plane assuming that the sales price is Cash equal to the book value of the plane. 2. $195,000 cash. 3. $600,000 cash