Leesburg Sold a Machine for $2,200 on November 10th of the Current

question 92

Multiple Choice

Leesburg sold a machine for $2,200 on November 10th of the current year. The machine was purchased for $2,600. Leesburg had taken $1,200 of depreciation deductions on the machine through the date of the sale. What is Leesburg's gain or loss realized on the machine?

• A) $800 gain.
• B) $1,000 gain.
• C) $1,200 loss.
• D) $1,400 loss.
• E) None of these.

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Definitions:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is elevated, increasing the risk of heart disease, stroke, and other health problems.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, and heart failure.

Educational Level

The highest degree or level of school completed, which often influences employment opportunities, income level, and health outcomes.

Behavioral Risk Factors

Actions or behaviors that increase the likelihood of developing diseases or health problems, such as smoking or a sedentary lifestyle.