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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 to its 643
! 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 $28,000. Movelt had originally purchased the truck for $47,000 and had recorded depreciation for three years. Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $19,000, (b) $15,000, and (c) $23,000. (Select "None" if there is no Gain or Loss.) Answer is complete but not entirely correct. Gain/Loss Amount $ 28,000 None . $ (32,000) $ 24,000x Loss b. Gain
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