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Question 8 (4 points) Saved Depletion of natural resources is the most like the estimated...

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Question 8 (4 points) Saved Depletion of natural resources is the most like the estimated value of a natural resource like a gold mine the cost of goods sold for a retailer the net book value of a piece of equipment the value of an intangible asset after it has been amortized Question 9 (4 points) Saved A truck with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a new truck priced at $50,000 (fur market value)The purchase is financed with a Note payable (debt) and a trade-in allowance of $4.000 is given What amount of loss on exchange of equipment should be recorded? $9,000 $5,000 $4,000 $1,000

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