During 2016,Myca sells her car for $5,000.She acquired the car in 2012 for $11,000 and has used it 60% for business and 40% for personal use.She deducted $5,280 in depreciation.What is the taxable gain or loss from the sale of the car attributable to her business use?
A)$3,680 gain
B)$432 gain
C)$720 loss
D)$2,280 loss
E)$1,680 gain

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The Answer of During 2016,Myca sells her car for $5,000.She acquired the car in 2012 for $11,000 and has used it 60% for business and 40% for personal use.She deducted $5,280 in depreciation.What is the taxable gain or loss from the sale of the car attributable to her business use?
A)$3,680 gain
B)$432 gain
C)$720 loss
D)$2,280 loss
E)$1,680 gain

During 2016,Myca Sells Her Car for $5,000