A trucking company sold its fleet of trucks for $55,200. The trucks originally cost $1,416,000...
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A trucking company sold its fleet of trucks for $55,200. The trucks originally cost $1,416,000 and had Accumulated Depreciation of $1,271,000 recorded through the date of disposal. What gain or loss did the trucking company record when it sold the fleet of trucks? Multiple Choice Loss of $55,200. Gain of $89,800. Loss of $89,800. Gain of $55,200.
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