BABA8107 BABA8107

13-05-2017
Business

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Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. what is the amount and character of butte's gain or loss?

Respuesta :

Aliwohaish12 Aliwohaish12

13-05-2017

55,000−12,500=42,500
50,000−42,500=7,500
So the answer is
7500 ordinary gain

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