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Devon bought a business machine for $15,000. In later Year, she sold the machine for $12,800 when the total allowable depreciation is $8,500. The depreciation
Devon bought a business machine for $15,000. In later Year, she 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. How much gain or loss must Devon recognize?
A. No gain or loss
B. (3,200)
C. 6,800
D. 6,300
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