Ulices sold a machine to a machine dealer for $50,800. Ulices bought the machine for $54,200 several years ago and has c

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Ulices sold a machine to a machine dealer for $50,800. Ulices bought the machine for $54,200 several years ago and has c

Post by answerhappygod »

Ulices Sold A Machine To A Machine Dealer For 50 800 Ulices Bought The Machine For 54 200 Several Years Ago And Has C 1
Ulices Sold A Machine To A Machine Dealer For 50 800 Ulices Bought The Machine For 54 200 Several Years Ago And Has C 1 (34.25 KiB) Viewed 39 times
Ulices sold a machine to a machine dealer for $50,800. Ulices bought the machine for $54,200 several years ago and has claimed $12,100 of depreciation expense on the machine. What is the amount and character of Ulices's gain or loss? O $8,700, $1231 loss. O $8,700, 51231 gain. $8,700, Ordinary income. $3,400, 51231 loss.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”