A truck costing $65000 and on which $60000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a gain of $5000 O credit to Accumulated Depreciation for $60000 O loss of $5000 O credit to Accumulated Depreciation for $65000 On July 1, 2022, Oriole Company sells equipment for $112000. The equipment originally cost $300000, had an estimated 5-year life and an expected salvage value of $50000. The Accumulated Depreciation account had a balance of $175000 on January 1, 2022. using the straight-line method. The gain or loss on disposal is O $13000 loss O $13000 gain O $12000 gain. $12000 loss