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Question 11 of 20 Question 11 10 points On Jan 1, 2012, ABC Corproation placed into service ali truck that had a capitalized acquisition cost
Question 11 of 20 Question 11 10 points On Jan 1, 2012, ABC Corproation placed into service ali truck that had a capitalized acquisition cost of $45.000, estimated useful life of 15 years, and estimated salvage value of $3,000. ABC depreciated the truck on a straight line basis until December 31, 2019, then sold the used in truck for $26.200. In answering the questions below, show your work, including labeling of calculations What is the annual depreciation expense for the truck b. What is the gain or loss of any on selling the truck For the toolbes ALT+F10 (PC) O ALT.PNF10 Mac). BT Paragraph Aria! 14% EIE T CO 5 +++ O WORDS POWER
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