Jonathon sells the computer that he used 75 percent for business and 25 percent for personal purposes
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Jonathon sells the computer that he used 75 percent for business and 25 percent for personal purposes for $1,200. The computer cost $4,000 and the allowable depreciation on the computer is $2,200. How much gain or loss does Jonathon recognize?
a. $800 gain
b. $400 gain
c. $100 gain
d. $800 loss
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Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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