als VCI 15 CONTCL. Tim Question 5 2 pts Atter 46N A city paid $40,000 for police cars with the expectation that they would have a straight-line useful life of 4 years. After 3 years, the city sold the cars for $3,000. Which of the following statements is true? The city would recognize a $1.000 loss on sale in the Statement of Revenue, Expenditures, and Changes in Fund Balance. The city would recognize a $3.000 OFS-Sale of Capital Assets in the Statement of Revenue, Expenditures, and Changes in Fund Balance. The city would not recognize any amount in the Statement of Revenue Expenditures, and Changes in Fund Balance The city would recognize a $37.000 OFU - Sale of Assets in the Statement of Revenue Expenditures, and Changes in Fund Balance Next Previous