If a plant asset is sold and a loss is incurred, the entry to record the sale would include a: A. credit to Cash. B. debit to Loss on Sale of Asset. c. debit to Plant Asset. D. credit to Accumulated Depreciation. 8. Sky Co. purchased a truck for $90,000 on 1/1/18. The company depreciated the truck using the straight-line method over a 10 year useful life and a $6,000 residual value. Sky sold the truck on 1/1/21 for $68,700. Total accumulated depreciation on the truck on the date of the sale was $25,200. What gain or loss should be recorded on the sale? A. A gain of $3,900 B. A loss of $3,900 c. A loss of $21,300 D. A gain of $21,300