A trucking company sold its fleet of trucks for $55,000.The trucks had originally cost $1,410,000 and had accumulated amortization of $1,269,000 through the date of disposal.What gain or loss did the trucking company record when it sold the fleet of trucks?

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The Answer of A trucking company sold its fleet of trucks for $55,000.The trucks had originally cost $1,410,000 and had accumulated amortization of $1,269,000 through the date of disposal.What gain or loss did the trucking company record when it sold the fleet of trucks?

A Trucking Company Sold Its Fleet of Trucks for $55,000