E9-9 Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) (The following information applies to the questions displayed below.) FedEx Corporation is the world's leading express distribution company. In addition to its 643 aircraft, the company has more than 57000 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $16,000. FedEx had originally purchased the truck for $28,000 and had recorded depreciation for three years. Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $12,000, (b) $10,000, and (c) $15,000. (Select "None" if there is no Gain or loss.) Gain/Loss Amount