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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

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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] Jansen Afflilates 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 Jansen sold a delivery truck for $16,000. Jansen had originally purchased the vehicle and recorded it in the Truck account for $27,000 and had recorded depreciation for three years. 9. 11 (Algo) Part 1 Required: 1. Calculate the amount of gain of loss on disposal, assuming that Accumulated Depreciation-Truck was (o) $11,000,(0)$8,000, and (c) $13,000. (Select "None" if there is no Gain or Loss.)

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