If a Truck cost $12,000 and has been depreciated $9,000 and is discarded the entry to record that event would include a Gain of $3,000 Loss of $3,000 Credit to depreciation of $9,000 Debit to Truck for $12,000 QUESTION 12 If that same Truck was sold for $5,000 cash, we would record a Gain of $3,000 Loss of $3,000 O Gain of $2,000 Loss of $2,000