28. Conicelli Toyota sells a truck for $55,000. The truck had an acquisition cost of $150,000 and accumulated depreciation at the time of the sale of $85,000. Which of the following statements are true?

Group of answer choices

a) Conicelli will report a $10,000 gain as a result of this sale.

b) Conicelli's loss on this sale is $55,000.

c) Total assets increased by $10,000 as a result of this transaction.

d) Equity decreased by $10,000 as a result of this transaction.