BABA8107 BABA8107
  • 13-05-2017
  • Business
contestada

Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. what is the amount and character of butte's gain or loss?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 13-05-2017
55,000−12,500=42,500
50,000−42,500=7,500
So the answer is
7500 ordinary gain
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