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E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) [The following information applies to the questions displayed below) Naidu

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E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) [The following information applies to the questions displayed below) Naidu Companies is the world's leading express-distribution company. In addition to its 643 alrcraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Naidu sold a delivery truck for $14,000 Naidu had originally purchased the vehicle and recorded it in the Truck account for $23,000 and had recorded depreciation for three years. E9-11 (Algo) Part 1 Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a)$9,000, (b) $7,000, and (c) $15,000. (Select "None" if there is no Gain or Loss.) Answer is not complete. Gain/Loss Amount None (a) (b) (c) LOSS Gain

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