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A company purchased a truck for 150.000 $ in cash at the beginning of 2017. The truck was expected to be used by the company

A company purchased a truck for 150.000 $ in cash at the beginning of 2017. The truck was expected to be used by the company for 5 years. But the company needed urgent cash and decided to sell the truck at the end of 2019. The selling price was 80.000 $ and was collected in cash. What is the profit/loss for the company after these transactions? (Assume that the company uses straight-line depreciation method)

a) 10.000 $ Profit

b) 20.000 $ Profit

c) 70.000 $ Loss

d) 30.000 $ Loss

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