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Required Information The following information applies to the questions displayed below.] Movelt Corporation is the...

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Required Information The following information applies to the questions displayed below.] Movelt Corporation 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 Movelt sold a delivery truck for $14,000. Movelt had originally purchased the truck for $23,000 and had recorded depreciation for three years. Required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was (a) $9,000. (b) $7,000, and (c) $15,000. (Select "None" if there is no Gain or Loss.) Gain/Loss Amount b

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