Question 11 3 points Save Answe On Jan. 1, 2008, ABC Corporation placed into service a lift truck that had a capitalized acquisition cost of $21,500, estimated useful life of 16 years, and estimated salvage value of $1,500. ABC depreciated the truck on a straight-line basis until June 30, 2019, then sold the used lift truck for $9,425. Accumulated depreciation on the sale date was $14,375. What is the amount of gain or loss that ABC should recognize? Enter a positive number for a gain or a negative number for a loss, e.g., xx or -XX