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Joan bought a business machine for 15000 on january 1 2010

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Joan bought a business machine for $15,000 on January 1, 2010, 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?

Reference no: EM13583134

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