Joan Bought a Business Machine for $15,000

question 6

Multiple Choice

Joan bought a business machine for $15,000.In a later year,she sold the machine for $12,800 when the total allowable depreciation is $8,500.The depreciation actually taken on the tax returns totaled $8,000.Joan must recognize a gain (or loss) of

• A)no gain or loss.
• B)($3,200).
• C)$6,800.
• D)$6,300.

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Definitions:

Drinking Rates

A measure of the frequency and quantity of alcohol consumption within a specific population or group.

Tolerance

The ability or willingness to accept and respect the differing views, behaviors, and practices of others without judgment.

Dependence

A state in which an individual relies on a substance or behavior to function normally, often associated with addiction.

Withdrawal

The process or symptoms experienced when ceasing or reducing intake of a psychoactive substance to which one has become addicted.