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  • Apr 11, 2016, 01:14 PM
    Walker2014
    Help Please
    A trucking company sold its fleet of trucks for $55,300. The trucks originally cost $1,421,000 and had Accumulated Depreciation of $1,272,000 recorded through the date of disposal. What gain or loss did the trucking company record when it sold the fleet of trucks?
  • Apr 11, 2016, 02:32 PM
    ma0641
    This is homework. Show us your work and maybe we can then help. Fairly basic question. Look up " depreciation recapture".
  • Apr 17, 2016, 05:53 PM
    paraclete
    Surely simple mathematics

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