6. On the first day of its fiscal year, Scooter Co. purchased a computer system for a total cost of $50,000. The computer system is expected to have a useful life of 5 years with a residual value of $5,000. If the company uses the double-declining-balance method, its depreciation expense for the computer system in the first year will be: A. $9,000 B. $10,000 C. $18,000 D. $20,000 If a plant asset is sold and a loss is incurred, the entry to record the sale would include a: A. credit to Cash B. debit to Loss on Sale of Asset. C. debit to Plant Asset. D. credit to Accumulated Depreciation. Sky Co. purchased a truck for $90,000 on 1/1/18. The company depreciated the truck using the straight-line method over a 10 year useful life and a $6,000 residual value. Sky sold the truck on 1/1/21 for $68,700. Total accumulated depreciation on the truck on the date of the sale was $25,200. What gain or loss should be recorded on the sale? A. A gain of $3,900 B. A loss of $3,900 C. A loss of $21,300 D. A gain of $21,300