Determining Gain or Loss on Disposal

For each of the following three assets, determine the gain or loss on disposal.

Note: Do not use negative signs with your answers.

Asset	Original Cost of Fixed Asset	Accumulated Depreciation Balance	Cash Received Upon Disposal of Asset		Gain or Loss on Disposal	Amount
#1	$8,000	$ 6,000	$--	a.	Answer Gain on disposal/ Loss on disposal	Answer
#2	8,000	5,000	1,500	b.	Answer Gain on disposal/ Loss on disposal	Answer
#3	8,000	6,000	2,500	c.	Answer Gain on disposal/ Loss on disposal	Answer