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Business, 20.10.2021 07:10 kirstennnash

On January 1, 2020, BD Company 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, 2022, BD sold the truck for $38,000. What amount of gain or loss should BD record on December 31, 2022

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