asked 221k views
3 votes
Joan bought a business machine for $15,000. In a later year, she sold the machine for $12,800 when the total allowable depreciation is $8,500. The depreciation actually taken on the tax returns totaled $8,000. Joan must recognize a gain (or loss) of ______.

1 Answer

1 vote

Answer:

2,200

Step-by-step explanation:

15,000 - 12,800 = 2,200

answered
User Bindi
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