On January 1, Jarvis Technologies purchased a $45,000 vehicle to chauffeur clients to prospective homes. Homes plans on driving the vehicle for six years or 100,000 miles. Expected salvage (residual) value is $3,000 The balance in the accumulated depreciation account at the end of Year 1 of the asset, after recording depreciation using the double-dec balance method. is: $27,000 $14,000 O $15,000 O $28,800 Question 43 A loss is recorded on the disposal of plant assets when O An asset is sold for a price greater than the asset's book value O The asset's salvage value is less than the cash received O The asset's book value is greater than the amount of cash received from the sale O The asset's depreciable cost is greater than the cash received