Lucien purchased a new computer for his business for $2,000 in 2020 and used the Section 179 deduction for the full amount. The business-use of the computer never dropped below 50%. In 2023, he sold the laptop computer for $800. How does he treat this amount ?

Answer rating: 100% (QA)

Lucien can treat the 800 he received from selling the computer as ordinary income on his business t... View the full answer