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

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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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