9. On January, 31, 2016, Apple Corp. sold a truck that originally cost $20,000, and had accumulated depreciation of $19,000. Apple Corp. retired the truck. How much gain or loss did Apple Corp recognize on the transaction? Where (debit or credit) do you report it? A. Gain $1,000 (Debit) B. Loss $1,000 (Debit) C. Gain $1,000 (Credit) D. Loss $1,000(Credit) 10. On January, 31, 2016, Apple Corp. sold a machine that originally cost $70,000 and had accumulated depreciation of $60,000. Apple Corp. received $4,000 from the sale. How much gain or loss did Apple Corp. recognize on the sale? A. Gain $6,000 (Debit) B. Loss $6,000 (Debit) C. Gain $6,000 (Credit) D. Loss $6,000 (Credit)