Perla Company purchases a delivery van on January 1, 2020 for $21,000 with 6 years of useful life and $3,000 salvage value. On June 1, 2025, Perla exchanges the old van for a new SUV paying $13,000 and giving the old van. On the day of exchange, the van has a fair value of $6,000. The company uses the straight- line method for depreciation. The accumulated depreciation balance of the old van on the day of the exchange is: * $15,000 $18,000 $16,750 $16,250 None of the above Net Book Value of the old van at the exchange date is: * $3,000 $6,000 $4,750 $4,250 None of the above The company incurred: * Gain on disposal of $1,750 Loss on disposal of $1,750 Gain on disposal of $1,250 Loss on disposal of $1,250 None of the above The record of the exchange of plant asset on June 1, 2025 includes: * Debit SUV $13,000 and Credit Van $21,000 Debit SUV $19,000 and Credit Van $21,000 Debit Van $21,000 and credit SUV $13,000 Debit Van $21,000 and credit SUV $19,000 None of the above