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On January 1 , 2 0 1 8 , The Gathering Sound, Ltd . purchased a truck for $ 3 5 , 0 0 0
On January The Gathering Sound, Ltd purchased a truck for $ and uses the straightline depreciation method. The truck has a useful life of five years and an estimated residual value of $ On December The Gathering Sound, Ltd sold the truck for $ What amount of gain or loss should The Gathering Sound record on December
Group of answer choices
Gain of $
Gain of $
Loss of $
Gain of $
Loss of $
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