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please help and check if my answers are correct Question 8 A truck cost $60,000 when purchased and has a $50,000 balance in the accumulated

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please help and check if my answers are correct
Question 8 A truck cost $60,000 when purchased and has a $50,000 balance in the accumulated depreciation account. If the truck is sold for $15,000 cash we will record: O gain on disposal, $5,000 loss on disposal, $5,000 O no gain or loss O no entry required Question 9 What is an asset that has no physical form but has value because of rights it carries? Intangible asset O plant asset natural resource O inventory

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