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The truck purchased for $250,000 on January 1, 2020, has been sold end of 2024. The accumulated depreciation up to December 31, 2024, is $225,000.

The truck purchased for $250,000 on January 1, 2020, has been sold end of 2024. The accumulated depreciation up to December 31, 2024, is $225,000. What is gain/loss from sale of truck if the truck is sold

a) for $28,000

b) for $22,000

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