uestion 10 Points out of 333 On January 1, 2020, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truck has a useful life of eight years and an estimated residual value of $8,000, On December 31, 2021, Jacob Inc. sold the truck for $43,000. What amount of gain or loss should Jacob Inc. record on December 31, 2021? A) Gain, $22.000 B) Loss, $18,000. Flag ution C) Gain, $5,000 D) Loss, $3,000 Select one: OD Previous page Next page Second Practice New Practice code switch pdf.pdf Second Practic.docx Binomial Distribu! C G Search or type URL esc