Buffey Operates a Delivery Service

question 5

Multiple Choice

Buffey operates a delivery service.She purchased a van in 2011 for $25,000,and she sold it in 2013 for $15,000.Buffey did not deduct any depreciation on the van from 2011 through 2013,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

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Definitions:

Prevent Bias

Strategies or practices aimed at identifying and eliminating personal, cultural, and structural prejudices that can affect decision-making and outcomes.

Larger Sample

Refers to a more substantial portion or quantity of items or individuals selected from a population, used in research to increase the representativeness and accuracy of results.

Generalizable

The quality of research findings being applicable to larger groups or situations beyond the specific contexts in which the research was conducted.

Research Design

Research design is the framework or strategy for a study that guides the collection and analysis of data to address specific research questions.