kekerice4319 kekerice4319

21-10-2022
Business

Answered

on january 1, 2024, a company purchased a commercial truck for $48,000 and uses the straight-line depreciation method. the truck has a useful life of eight years and an estimated residual value of $8,000. on december 31, 2026, the company sold the truck for $30,000. what amount of gain or loss should the company record on december 31, 2026?

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