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Please complete part 1 and then the following journal entries Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal

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Required information 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] VQT Companies is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that vaT sold a delivery truck for $8,000, VQT had originally purchased the vehicle and recorded it in the Truck account for $14,000 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) $6,000,(b)$4,000, and (c) \$9,000. (Select "None" if there is no Gain or Loss.) Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $6,000 at the time of disposal. Note: Enter debits before credits. Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $4,000 at the time of disposal. Note: Enter debits before credits. Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $9,000 at the time of disposal. Note: Enter debits before credits

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