Fedex corporation is the worlds leading

Reference no: EM13604205

FedEx Corporation is the world's leading express-distribution company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 53,700 ground vehicles that pick up and deliver packages. Assume that FedEx sold a delivery truck for $8,290. FedEx had originally purchased the truck for $19,500, and had recorded depreciation for three years. Calculate the amount of gain or loss on the following disposal.

Reference no: EM13604205

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