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:
$$\begin{array} { l c c c }
& \text { Sales Price } & \begin{array} { r }
\text { Amount of } \
\text { Gain(Loss } )
\end{array} & \text { Character } ( 1231,1245,1250 ) \
\text { a } & \$ 2,400 &\_\_\_&\_\_\_ \
\text { b. } & \$ 6,350 &\_\_\_ &\_\_\_\
\text { c. } & \$ 4,600 &\_\_\_&\_\_\_ \
\end{array}$$

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:
 $$\begin{array} { l c c c } 
& \text { Sales Price } & \begin{array} { r } 
\text { Amount of } \
\text { Gain(Loss } )
\end{array} & \text { Character } ( 1231,1245,1250 ) \
\text { a } & \$ 2,400 &\_\_\_&\_\_\_ \
\text { b. } & \$ 6,350 &\_\_\_ &\_\_\_\
\text { c. } & \$ 4,600 &\_\_\_&\_\_\_ \
\end{array}$$

Quizplus · Accepted Answer

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:
 $$\begin{array} { l c c c } 
& \text { Sales Price } & \begin{array} { r } 
\text { Amount of } \
\text { Gain(Loss } )
\end{array} & \text { Character } ( 1231,1245,1250 ) \
\text { a } & \$ 2,400 &\_\_\_&\_\_\_ \
\text { b. } & \$ 6,350 &\_\_\_ &\_\_\_\
\text { c. } & \$ 4,600 &\_\_\_&\_\_\_ \
\end{array}$$

Maria Acquired a Personal Computer to Use 100% in Her