Help 2 On January 1, 2021, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truck has a useful life of eight years and an estimated residual value of $8,000. Assume the truck was totaled in an accident on December 31, 2022. What amount of gain or loss should Jacob Inc. record on December 31, 2022? Multiple Choice Gain, $5,000 Loss, $18,000. Loss, $38,000. Loss, $3,000. Submit