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is this right? Ted Lasso sold a business computer for $3,000 on July 1, 2021. The computer was purchased for $4,000 three years earlier. Ted
is this right? Ted Lasso sold a business computer for $3,000 on July 1, 2021. The computer was purchased for $4,000 three years earlier. Ted has taken $2,000 of depreciation deductions on the computer during the time he has owned it. What is Ted's gain (loss) on the sale of the computer? a) $2,000 loss b) $4,000 gain c) $1,000 loss d) $1,000 gain
is this right?
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