- Yanik Company's delivery truck, which originally cost .112,000, was sold. - The balance of the Accumulated Depreciation account amounted to 76,000 (this was updated on the date of sale). - The company received 64,000 in proceeds from the sale. The gain or loss as a result of the sale was .48,000 gain 48,000 loss 28,000 loss E28,000 gain