Multiple Choice
S sold a business microcomputer for $2,000 that she had purchased for $2,500 several months earlier.Assume the depreciation deducted under MACRS on the computer for the actual holding period was $1,795.What is the amount of S's gain recognized on this sale?
A) $0
B) $500
C) $1,795
D) $1,295
Correct Answer:
Verified
Correct Answer:
Verified
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