Tara Purchased a Machine for $40,000 to Be Used in Her

question 84

Multiple Choice

Tara purchased a machine for $40,000 to be used in her business.The cost recovery allowed and allowable for the three years the machine was used are as follows: If Tara sells the machine after three years for $15,000, how much gain should she recognize?

• A)$3,480.
• B)$6,360.
• C)$9,240.
• D)$11,480.
• E)None of the above.

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Definitions:

Physical Abuse

Harm or injury that is deliberately inflicted on one person by another through physical contact or force.

Domestic Violence

A pattern of abusive behaviors by one partner against another in an intimate relationship.

Organizing Services

The process of coordinating and arranging various services and resources to meet the specific needs of a community or individual clients.

Community

A community refers to a group of people who share common interests, values, or characteristics and often reside in a specific geographical area or form a virtual or social network.