Help The amount of depreciation expense recognized in Year 2 assuming that Jones Company uses the straight line method would be? $11,300 $5,650 $7.250 $14,500 On December 31st, Year 3. Jones Company sold the truck for $6.600 What would be the amount of gain or loss that Jones Company would recognize on their Year 3 income statement ssuming that Jones Company uses the straight-line method? a loss of $5,450 a gain of $2,625 a loss of $2,625 a loss of $200 a gain of $200 a loss of $2,975 a gain of $2,975 a gain of $5,450 No gain or loss Help The amount of depreciation expense recognized in Year 2 assuming that Jones Company uses the straight line method would be? $11,300 $5,650 $7.250 $14,500 On December 31st, Year 3. Jones Company sold the truck for $6.600 What would be the amount of gain or loss that Jones Company would recognize on their Year 3 income statement ssuming that Jones Company uses the straight-line method? a loss of $5,450 a gain of $2,625 a loss of $2,625 a loss of $200 a gain of $200 a loss of $2,975 a gain of $2,975 a gain of $5,450 No gain or loss