Business, 04.05.2020 23:10 SchoolSucks234
Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the vehicle was $10,000. During the time she has owned the car she has taken $3,000 dollars of deprecation on it. Ms. Williams sells the car for $9,000. What is result of the transaction? A. An ordinary loss of $1,000 B. Long-term capital gain of $2,000 C. An ordinary gain of $2,000 D. An ordinary gain of $6,000
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Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the vehicle was $10,000....
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