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Question Libby and Ann agreed that if their expansion of Sweet

Question : Question Libby and Ann agreed that if their expansion of Sweet

Question

Libby and Ann agreed that if their expansion of Sweet Tooth intothe food truck market this summer didn’t go well, they could sellthe food truck. They predicted they could sell the food truck inthe fall for $30,000. Before selling the truck, the accumulateddepreciation account would be brought up to date, showing a totalof $4,000. The truck's original cost was $35,000.

Given this example, Libby and Ann would record a (A)__________ on the sale of the truck, in the amount of $ (B)__________.

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