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Required Information [The following information applies to the questions displayed below.] Naidu Companies is the world's leading express-distribution company. In addition to its 643 aircraft,

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Required Information [The following information applies to the questions displayed below.] Naidu 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 Naidu sold a delivery truck for $23,000, Naidu had originally purchased the vehicle and recorded it in the Truck account for $39,000 and had recorded depreciation for three years. Requlred: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a)$16,000,(b)$13,000, and (c) $19,000. (Select "None" If there is no Gain or Loss.) Required information [The following information applies to the questions displayed below.] Naidu Companies is the world's leading express-distribution company. In addition to its 643 alrcraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Naidu sold a delivery truck for $23,000. Naidu had originally purchased the vehicle and recorded it in the Truck account for $39,000 and had recorded depreciation for three years. Required: Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a)$16,000,(b)$13,000, and (c) $19,000. (Select "Nonen If there is no Gain or Loss.)

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