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The book value for a truck was $1,728 in year 5. The asset was sold for $4000 also in year 5 . Determine whether the gain or loss on the sale of the truck. This represents a gain on the sale of the truck for the amount of $2,252 This represents a gain on the sale of the truck for the amount of $2,272 This represents a gain on the sale of the truck for the amount of $2,252 This represents a loss on the sale of the truck for the amount of $2,272