Question: Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed
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Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed below] Naidu Companies 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 Naidu sold o delivery truck for $14,000 Naidu had originally purchased the vehicle and recorded it in the Truck account for $23,000 and had recorded depreciation for three years. =911( Algo) Part 1 required: 1. Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation-Truck was (a) $9,000,(b)$7,000, and (c) $15,000. (Select "None" if there is no Gain or Loss.) 2. Whing the foltowing struchire. indicme the eflects faccounts, amounth, avd + fer increase and - for deciease) of Bhe diselai ef the Liabstiet, or Stockholders' Equity with a minus alan?)
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