30 Clear my choiceCrestview Estates purchased a tractor on January 1, 2018, for $65,000. The tractor's useful life is estimated to be 30,000miles and has a residual value of $5,000. If Crestview used the tractor 5,000 miles in 2018 and 3,000 miles in 2019, what isthe balance for accumulated depreciation at the end of 2019 using the activity-based method?Select one:O A. $6,000.OB. $10,000.O C. $16,000.O D. $38,000.Clear my choiceOn January 1, 20Y1, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method.The truck has a useful life of eight years and an estimated residual value of $8,000. On December 31, 20Y3, Jacob Inc. soldthe truck for $30,000. What amount of gain or loss should Jacob Inc. record on December 31, 20Y3?Select one:O A. Gain, $5,000.O B. Loss, $3,000.O C. Loss, $18,000.O D. Gain, $22,000.

Crestview Estates purchased a tractor on January 1, 2018, for $65,000. The tractor's useful life is estimated to be 30,000 miles and has a residual value of $5,000. If Crestview used the tractor 5,000 miles in 2018 and 3,000 miles in 2019, what is the balance for accumulated depreciation at the end of 2019 using the activity-based method? Select one: OA. $6,000. OB. $10,000. OC. $16,000. O D. $38,000. Clear my choice