Buffey Operates a Delivery Service

question 94

Multiple Choice

Buffey operates a delivery service.She purchased a van in 2014 for $25,000,and she sold it in 2016 for $15,000.Buffey did not deduct any depreciation on the van from 2014 through 2016,although total allowable depreciation on the van would have been $17,000.What is the amount of Buffey 's recognized gain or loss on the sale of the van?

• A)$10,000 loss
• B)$7,000 gain
• C)$8,000 gain
• D)$15,000 gain
• E)$17,000 gain

Acknowledge the impact of creative self-efficacy and multicultural experiences on creativity.

Apply exit strategies within problem-solving and decision-making processes.

Appreciate the effects of intuition and formal education on decision making and problem solving.

Distinguish methods to enhance creativity on an individual and group level.

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Definitions:

Seafloor

The bottom surface of the ocean, covering a vast area and consisting of various geological features like underwater volcanoes, canyons, and plains.

Uplifted

The process by which regions of the Earth's crust are raised to higher elevations, often due to tectonic forces.

Tsunami

A series of ocean waves with very long wavelengths caused by large-scale disturbances under the ocean, such as earthquakes or volcanic eruptions.

Oceanic Trench

Deep, elongated depressions in the ocean floor caused by the subduction of one tectonic plate under another.