Buffey Operates a Delivery Service

Multiple Choice

Buffey operates a delivery service.She purchased a van in 2014 for $25,000,and she sold it in 2016 for $15,000.Buffey did not deduct any depreciation on the van from 2014 through 2016,although total allowable depreciation on the van would have been $17,000.What is the amount of Buffey 's recognized gain or loss on the sale of the van?

A) $10,000 loss
B) $7,000 gain
C) $8,000 gain
D) $15,000 gain
E) $17,000 gain