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Required information [The following information applies to the questions displayed below] OnTime Packaging 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] OnTime Packaging 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 Onilme sold a delivery truck for $11,000. OnT ime had originally purchased the vehicle and recorded it in the Truck account for $18,000 and had recorded depreciation for three years. equired: Caiculate the amount of gain or loss on disposal, assuming that Accumuloted Depreciation-Truck was (a) $7,000,(b)$4,000, and (c) \$12.000. (Select "None" if there is no Gain or Loss.)

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