Computing Depreciation, Asset Book Value, and Gain or Loss on Asset Sale end of its kitieristed 10 year usetui ife. Wosan disposes af the plane at the end of the sivehyear, 2) Af the diposal date. What is the (1) accumnilated depreciatron and (2) net bock wilke of the pane? b) Prepare a joumat entoy to record the didposal af the plane assuming that the sales price is: b. Prepare a journal entry to record the disposal of the plane assuming that the sales price is: 1. Cash equal to the book value of the plane. 2. $175,000 cash. 3. $550,000 cash