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9. On January 1,2014, Taylor Company purchased a delivery truck for $60,000. They estimated the...

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Accounting

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9. On January 1,2014, Taylor Company purchased a delivery truck for $60,000. They estimated the useful life of the truck to be 6 years, and the salvage value to be $12,000. On July 1, 2019, they sold the truck for a loss of $1,200 Assuming the company uses straight line depreciation, calculate the selling price of the truck. A) $10,500 B) $11,800 C) $14,800 D) $17,500

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