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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.) VOT 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 VQT sold a delivery truck for $8,000. VOT 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. (D) $4,000, and (c)$9,000. (Select "None" if there is no Gain or loss.) Gain/Loss Amount @ce (a) (b) (c)

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