Katie sells her personal use automobile for $15,000.She purchased the car four years ago for $31,000.What is Katie's recognized gain or loss?
A)$0.
B)$15,000.
C)($16,000).
D)($31,000).
E)None of the above.

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The Answer of Katie sells her personal use automobile for $15,000.She purchased the car four years ago for $31,000.What is Katie's recognized gain or loss?
A)$0.
B)$15,000.
C)($16,000).
D)($31,000).
E)None of the above.

Katie Sells Her Personal Use Automobile for $15,000