Pallmall Company has a truck which was purchased in prior years for $60,000. At the end of 2014, there is $30,000 of accumulated depreciation. The value of the truck has been impaired, and its remaining value is now estimated at $18,000. When Pallmall adjusts for the loss of value, how much will the loss on impairment be? A) $6,000 B) $12,000 C) $18,000 D) $42,000 Answer: B