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B 7 points On January 1st 2022, Pane in the Glass Window company purchased a van for $60,000 cash. Management estimates that the truck
B 7 points On January 1st 2022, Pane in the Glass Window company purchased a van for $60,000 cash. Management estimates that the truck will have an 10 year useful life and a salvage value of $0. The company uses straight line depreciation. The company depreciates the van for 1 year and sells the van for $50,000 cash on January 1st 2023 (first day of second year, after 1 year of depreciation expense). What is the loss that the company will record on sale of the van? (Enter your answer as a positive number)
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