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Required information [ The following information applies to the questions displayed below. ] Movelt Corporation is the world's leading express - distribution company. In addition

Required information
[The following information applies to the questions displayed below.]
Movelt Corporation 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 Movelt sold a delivery truck for
$27,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $45,000 and had recorded
depreciation for three years.
Required:
Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a) $18,000,(b) $12,000, and
(c) $21,000.(Select "None" if there is no Gain or Loss.)
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