[The following information applies to the questions displayed below.] FedEx Corporation is the worlds leading express-distribution company. In addition to its 643 aircraft, the company has more than 91,000 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $16,000. FedEx had originally purchased the vehicle and recorded it in the Truck account for $28,000, and had recorded depreciation for three years.

Calculate the amount of gain or loss on disposal, assuming that Accumulated DepreciationTruck was (a) $12,000, (b) $10,000, and (c) $15,000. (Select "None" if there is no Gain or Loss.)