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Maria Acquired a Personal Computer to Use 100% in Her

question 53

Essay

Maria acquired a personal computer to use 100% in her business for $6,000.She took MACRS deductions of $2,880 before selling it in current year.Determine the amount and character of the gain (loss)recognized on the sale of the computer,assuming a sales price that differs in each of the three independent situations:
 Sales Price  Amount of  Gain(Loss ) Character (1231,1245,1250) a $2,400______ b. $6,350______ c. $4,600______\begin{array} { l c c c } & \text { Sales Price } & \begin{array} { r } \text { Amount of } \\\text { Gain(Loss } )\end{array} & \text { Character } ( 1231,1245,1250 ) \\\text { a } & \$ 2,400 &\_\_\_&\_\_\_ \\\text { b. } & \$ 6,350 &\_\_\_ &\_\_\_\\\text { c. } & \$ 4,600 &\_\_\_&\_\_\_ \\\end{array}


Definitions:

Social Role

The part individuals play in society as dictated by norms, expectations, and responsibilities associated with their position or status.

Internalization

The process of integrating beliefs, values, standards, and norms from external sources into one's own psychological structure.

Psychological System

A complex network within an individual that encompasses cognitive, emotional, and behavioral processes.

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