Joan bought a business machine for $15,000 on January 1,2013,and later 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.Joan must recognize a gain (or loss)of
A)no gain or loss.
B)($3,200).
C)$6,800.
D)$6,300.

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The Answer of Joan bought a business machine for $15,000 on January 1,2013,and later 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.Joan must recognize a gain (or loss)of
A)no gain or loss.
B)($3,200).
C)$6,800.
D)$6,300.

Joan Bought a Business Machine for $15,000 on January 1,2013,and