What amount of gain from the antique desk sale


Question: In January, year 4, Wilson purchased and placed into service in his business an antique desk costing $2,000. In December, year 5, Wilson sold the antique desk for $10,000, after having taken $950 in MACRS depreciation deductions. What amount of gain from the antique desk sale is treated as an ordinary gain?

 

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Accounting Basics: What amount of gain from the antique desk sale
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