28 7 points On January 1st 2022, Pane in the Glass Window company purchased a van for $60,000 cash. Management estimates that the truck will have an 10 year useful life and a salvage value of $0. The company uses straight line depreciation. The company depreciates the van for 1 year and sells the van for $50,000 cash on January 1st 2023 (first day of second year, after 1 year of depreciation expense). What is the loss that the company will record on sale of the van? Type your answer... Previous Next