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Problem 3 At 12/31/18, the Pro Tech Corp sold a Truck with a original cost of $50,000 and accumulated depreciation of $30,000 for $25,000 cash.

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Problem 3 At 12/31/18, the Pro Tech Corp sold a Truck with a original cost of $50,000 and accumulated depreciation of $30,000 for $25,000 cash. Please identify if this transaction would generate a gain or loss and show calculation. Please provide the gain or loss and show calculation) if Pro Tech sold the same truck for $18,000 cash

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