On January 1, 2020, 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. On December 31, 2021, Jacob Inc. sold the truck for $43,000. What amount of gain or loss should Jacob Inc. record on December 31, 2021? A) Gain, $22,000. B) Loss, $18,000. C) Gain, $5,000. D) Loss, $3,000 Select one: OB D Now Practice M.docx code switch pdf.pdf Second Practie.docx Practic....docx Binomial Distribu....pdf w 18