S Sold a Business Microcomputer for $2,000 That She Had

question 46

Multiple Choice

S sold a business microcomputer for $2,000 that she had purchased for $2,500 several months earlier.Assume the depreciation deducted under MACRS on the computer for the actual holding period was $1,795.What is the amount of S's gain recognized on this sale?

• A)$0
• B)$500
• C)$1,795
• D)$1,295

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Definitions:

Ancient Greece

A civilization centered around the Mediterranean region, known for its significant contributions to art, philosophy, and politics during the classical period.

Love

A complex set of emotions, behaviors, and beliefs associated with strong feelings of affection, protectiveness, warmth, and respect for another person.

Reciprocity

A mutual exchange of privileges or interactions between two parties, where each party offers something in exchange for something else of similar value.

Reproductive Desires

The wish or inclination to have children and engage in behaviors that can lead to reproduction.