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

question 83

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:

Worker Involvement

The practice of including employees in the decision-making process and allowing them input on matters that affect their work and the workplace.

Rites And Rituals

Formal and symbolic activities practiced within an organization or culture that signify important occasions or reinforce communal bonds.

Observable Culture

The visible elements of culture such as behavior, language, symbols, rituals, and practices that can be witnessed in a group or organization.

Core Culture

The fundamental beliefs, values, and practices that are shared among members of an organization, shaping its identity and operations.