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Devon bought a business machine for 15000 in later year she

Question: Devon bought a business machine for $15,000. In later Year, she sold the machine for $12,800 when the total allowable depreciation is $8,500. The depreciation actually taken on the tax returns totaled $8,000. How much gain or loss must Devon recognize?

A. No gain or loss

B. 3,200

C. 6,800

D. 6,300

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Accounting Basics: Devon bought a business machine for 15000 in later year she

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Accounting Basics: Devon bought a business machine for 15000 in later year she

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