Tara Purchased a Machine for $40,000 to Be Used in Her

question 114

Multiple Choice

Tara purchased a machine for $40,000 to be used in her business.The cost recovery allowed and allowable for the three years the machine was used are as follows: If Tara sells the machine after three years for $15,000,how much gain should she recognize?

• A)$3,480.
• B)$6,360.
• C)$9,240.
• D)$11,480.
• E)None of the above.

---

Definitions:

Negatively Skewed

describes a distribution where the tail is longer on the left side, indicating that the bulk of values are toward the higher end.

Observations

Refers to the process of measuring or taking note of phenomena or data, usually as part of a scientific study or research.

Class Intervals

The range of values within which data points are grouped in frequency distribution, helping to organize data for analysis.

Histogram

A graphical representation of the distribution of numerical data through bars of varying heights, where each bar groups numbers into ranges.