Business, 13.12.2019 23:31 rosetoheart2

On january 1, 20x1, 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, 20x3, the company sold the truck for $30,000. what amount of gain or loss should the company record on december 31, 20x3?

a. 5,000
b. 15000
c. 33000
d. 3000

Answers: 3

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On january 1, 20x1, a company purchased a commercial truck for $48,000 and uses the straight-line de...

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