Question: please show steps to get correct answer On October 1.2017. Southerm Paper Company sold one of its trucks for $20,000. The foowing information about the

please show steps to get correct answer please show steps to get correct answer On October 1.2017. Southerm Paper

On October 1.2017. Southerm Paper Company sold one of its trucks for $20,000. The foowing information about the truck is provided Purchased on 1/1/2010 for $148,000 Estimated residual value at acquisition, $4,000 Estimated useful life, 9 years Depreciated using the straight-line method Southern should record a (a] of $ [b] on the sale of the truck Use the following abbreviations for the first blank G for gain L for loss Indicate the dollar amount for the second blank Do not use the $ sign or a decimal in your answer. Commas are ok. Specified Answer for a I specified Answer for D 18666 Correct Answers for: a Case Sensitivity Correct Answer Evaluation Method O Exact Match Exact Match Correct Answers for: tb Evaluation Method Exact Match O Exact Match Loss Case Sensitivity Correct Answer ,000 4000

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