Question: Save and Submit Click Submit to complete this assessment. Question 26 of 26 Question 26 2 points Save Answer On Jan 1, 2009. Banana Democracy

 Save and Submit Click Submit to complete this assessment. Question 26

Save and Submit Click Submit to complete this assessment. Question 26 of 26 Question 26 2 points Save Answer On Jan 1, 2009. Banana Democracy 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. Banana depreciated the truck on a straight line basis until June 30, 2020, then sold the used lift truck for $11.425. Accumulate d depreciation on the sale date was $14.375. What is the amount of gain or loss that Banana should recognize? Enter a positive number for a gain or a negative number .xx) for a loss. Click Submit to complete this assessment Question 26 of 26 Save and Sub DELL USU

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