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Zimmer company owns an executive plane that originally cost $2,560,000. It has recorded straight line...

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Accounting

Zimmer company owns an executive plane that originally cost $2,560,000. It has recorded straight line depreciation on the plane for seven full years calculated assuming a $320,000 expected salvage value at the end of its estimated 10 year useful life Zimmer disposes of the plane at the end of the seventh year.
A: at the disposal date, what is the cumulative depreciation expense and netbook value of the plane?
B: how much gain or losses reported at disposal of the sales price is: see chart
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