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On July 1,2023, Coronado's Greenhouse purchased a new delivery truck for $106,000. She paid $20,000 cash and signed a promissory note for the remainder. Coronado

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On July 1,2023, Coronado's Greenhouse purchased a new delivery truck for $106,000. She paid $20,000 cash and signed a promissory note for the remainder. Coronado estimates that the delivery truck will have a five-year useful life, or 250,000kilometres and a residual value of $6,000, Coronado's Greenhouse has a December 31 year end. Calculate the gain or loss on disposal for the following three independent situations: Coronado sold the truck for $38,450 on January 1, 2027. Use the straight-line method. on disposit 12 Coronadosold the truck for $29,000 on January 1. 2027.Use the straight-line method

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