A company acquired a truck for $79,000 at the beginning of the fiscal year. It has a useful life of five years and a residual value of $9,000. The company uses the straight-line method of depreciation. After owning the truck for two years, the company sold it for $34,000. (a) Determine depreciation expense for each of the first two years. $ each year (b) Determine the gain or loss resulting from the sale