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On january 1, 2023, Jacob Inc. purchased a commercial truck for $48000 and uses the straight -line depreciation method. The truck has a useful life

On january 1, 2023, Jacob Inc. purchased a commercial truck for $48000 and uses the straight -line depreciation method. The truck has a useful life of eight years and an estimated residual value of $8000. On Dec 31, 2015, Jacob Inc. sold the truck for $30000. What amount of gain lo less should jacob Inc. record on Dec 31, 2015?

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