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  answer-question

Taxation For Decision Makers 2019

ISBN: 9781119497288

9th Edition

Authors: Shirley Dennis Escoffier, Karen A. Fortin

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