Maria acquired a personal computer to use 100% in her business for $6,000. She took MACRS deductions of $2,880 before selling it in current year. Determine the amount and character of the gain (loss) recognized on the sale of the computer, assuming a sales price that differs in each of the three independent situations:

Question

Maria acquired a personal computer to use 100% in her business for $6,000. She took MACRS deductions of $2,880 before selling it in current year. Determine the amount and character of the gain (loss) recognized on the sale of the computer, assuming a sales price that differs in each of the three independent situations:
Maria acquired a personal computer to use 100% in her business for $6,000. She took MACRS deductions of $2,880 before selling it in current year. Determine the amount and character of the gain (loss) recognized on the sale of the computer, assuming a sales price that differs in each of the three independent situations:

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The Answer of Maria acquired a personal computer to use 100% in her business for $6,000. She took MACRS deductions of $2,880 before selling it in current year. Determine the amount and character of the gain (loss) recognized on the sale of the computer, assuming a sales price that differs in each of the three independent situations:

Maria Acquired a Personal Computer to Use 100% in Her