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A trucking company sold its feet trucks for $55, 500. The trucks originally cost $1, 481,000 and had Accumulated Depreciation of $1, 284,000 recorded through
A trucking company sold its feet trucks for $55, 500. The trucks originally cost $1, 481,000 and had Accumulated Depreciation of $1, 284,000 recorded through the cost of disposal. What gain or loss did the trucking company record when it sold the fleet of trucks? Loss of $140, 500 Loss of $56, 500 Gain of $140, 500 Gain of $56, 500
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