Buffey Operates a Delivery Service

Multiple Choice

Buffey operates a delivery service.She purchased a van in 2011 for $25,000,and she sold it in 2013 for $15,000.Buffey did not deduct any depreciation on the van from 2011 through 2013,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