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XYZ Floral Company has a delivery truck that is being sold after 5 years of use.The current book value of the delivery truck is $5,000.If

XYZ Floral Company has a delivery truck that is being sold after 5 years of use.The current book value of the delivery truck is $5,000.If XYZ Floral Company sells the delivery truck for $7,000, what is the impact of this transaction?

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