David has an old truck & Cost $65,000 | Accumulated Depreciation - $60,000 a) Scraps old truck - Gain or loss? How much? b) Sells old truck $14,000 Cain or Loss? How much? c) Sells old truck 2000 Gain or Loss? How much? ID) Trades in old truck for new truck? List Price $75,000 Trade in allowance of $20,000 f Gain or loss? How much? 2) Signs a note payable for $140,000 How much cash does he need