Truck #3846 is traded in for a new identical model #9929. The accounting records show the following data for this transaction: #3346 cost = $80,000 #3346 accumulated depreciation = $67,020 Cash paid by Logan to seal the deal = $61,650 Sticker price (Manufacturers Suggested Retail Price) for # 9929 = $92,000

Required 1: What amount should #9929 be capitalized at? $

Required 2: What is the net book value of the asset at the moment of the disposition? If negative use the minus sign "-" $

Required 3: What gain (loss) will Condor show in accounting for the disposal of the asset? If negative use the minus sign "-" $