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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
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] VGI Companies is the world's leading express distribution company in addition to its 643 aircraft, the compary has more than 57,000 ground vehicles that pick up and deliver pockages. Assume that VQT sold a delivery truck for 58,000 . VaT had originally purchased the vehicle and recorded if 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 ioss on disposol, assuming that Accumulated Depreciation-Truck was (a) $6,000,(b/$4,000, and (c) $9,000 (Select "None" if there is no Gein or Loss.)
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