MoveIt Corporation is the worlds leading express-distribution company. In addition to the worlds largest fleet of all-cargo aircraft, the company has more than 54,000 ground vehicles that pick up and deliver packages. Assume that MoveIt sold a delivery truck for $14,000. MoveIt had originally purchased the truck for $23,000 and had recorded depreciation for three years.

Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $9,000 (b) $7,000, and (c) $15,000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount a. C