Butte Sold a Machine to a Machine Dealer for $50,000

question 55

Multiple Choice

Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss?

• A)$7,500 §1231 loss.
• B)$5,000 §1231 loss.
• C)$7,500 ordinary gain.
• D)$7,500 capital gain.
• E)None of the choices are correct.

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Recognize the role of ocular fluids in maintaining eye pressure, structure, and function.

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Understand the process and significance of corneal transplantation and its success factors.

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Definitions:

Off-price Retailers

Retailers who provide high quality goods at lower prices by selling excess inventory or out-of-season items procured from wholesalers or manufacturers.

Stock Merchandise

Stock Merchandise refers to the inventory of goods that a retailer has on hand to sell to customers.

Service Retailer

A business that primarily sells services rather than tangible products, catering to customers' needs through the provision of expertise or activities.

Zumba Dance Classes

Fitness classes that combine Latin and international music with dance moves to create a dynamic, effective, and fun workout environment.