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Question Completion Status: QUESTION 7 Atrucking company sold its fleet of trucks for $55,000. The trucks originally cost $1.410,000 and had Accumulated Depreciation of $1,269,000 recorded through the date of disposal. What gain or loss did the trucking company record when it sold the fleet of trucks? a. Loss $55,000 b. loss of $86,000 c. Gain of $55,000 d. Gain of $86,000 QUESTIONS On January 1, 2008, Idol, Inc. purchased equipment for $250,000. It has an estimated useful life of five years, and its residual value is $25,000. If it uses the double declining balance method, what is the amount of accumulated depreciation as of December 31, 20x9? a $160,000 b. $200,000 $100,000 d. 590,000 QUESTION 9 The following 6% 51,000 notes were issued on November 1. Which of the following is the com accrued as of December 31 of the same year on each of the notes described? a. Interest on a 4-month note is calculated as: 51.000 X 6 x2/4 Click Save and S t ore and submit Chick Save AITA MacBook Air OF G H