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A trucking company sold its fleet of trucks for $55.00. The trucks originally cost $1.410,000 and had Accumulated Depreciation of $1,269.000 recorded through the date of disposal. What gain or loss did the trucking company when it sold the fleet of trucks? Gain of $86.000 Loss of $86,000 Low of $55.000 Gain 555.000 The Lou Corporation uses a periodic inventory system. The company has a beginning of 300 units at $5 each on January 1. Lou purchases 500 units at $4 each in February and 200 units at $6 each in March. There were no additional purchases or sales during the remainder of the year. Use the information above to answer the following question/ Lou sells 150 units during the quarter. If Lou uses the weighed average method, what is the cost of goods sold $600 $900 $750 $705 Goodwill: is recorded when the purchasers of a business pay more than the fair value of the assets purchased should be recorded as a negative value if a company is purchased for less than the net carrying value of its assets should be treated like most other intangible assets and amortized over a useful life of not more than 40 years. is an accounting measurement of how well a company's employees behave towards the company's customers