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Required Information [The following information applies to the questions displayed below.] Jansen Affiliates is the world's leading express-distribution company. In addition to its 643 aircraft,
Required Information [The following information applies to the questions displayed below.] Jansen Affiliates 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 dellver packages. Assume that Jansen sold a delivery truck for $26,000. Jansen had originally purchased the vehicle and recorded it in the Truck account for $43.000 and had recorded depreciation for three years. Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated DepreciationTruck was (a) $17,000. (D) $12.000, and (c) $19.000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount (a) (b) (c)
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