40. A truck that cost $12,000 and on which accumulated depreciation to date is $9,000 was disposed of for $7 004) cadh,

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answerhappygod
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40. A truck that cost $12,000 and on which accumulated depreciation to date is $9,000 was disposed of for $7 004) cadh,

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40. A truck that cost $12,000 and on which accumulated depreciation to date is $9,000 was disposed of for $7 004) cadh, The
gain or loss on this disposal is
a. Gain of $3000.
b. Loss of $3000.
c. Gain of $4,000.
d. Loss of $4,000.
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