QUESTION 26 The company els a truck for 53,000 cash that was originally purchased for $25,000 and had accumulated depreciation of $20,000. According to fair market value issued by the Department of Motor Vehicles, the truck had a reale value of $4,000. What amount of gain or loss would be recorded by the company for the sale? Gain on disposal of plant asset for $3,000, Los on disposat af plant asset for $1,000 Lons on disposal of plant asset for $2.000 Ganon disposal of plant asset for $1.000