Question: A personal computer that originally cost $5,000 has no estimated salvage value and was depreciated at the rate of 20% a year. At the end

A personal computer that originally cost $5,000 has no estimated salvage value and was depreciated at the rate of 20% a year. At the end of the third year, the computer was sold for $1,500 cash. The transaction would result in a

(4pts)

Question 3 - A personal computer that originally cost $5,000 has no estimated salvage value and was depreciated at the rate of 20% a year. At the end of the third year, the computer was sold for $1,500 cash. The transaction would result in a

gain of $1,500.
loss of $500
gain of $250
loss of $250

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