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Josh works at home and purchased his own tablet that is used for 2,000 hours for his work during the year. His children in college
Josh works at home and purchased his own tablet that is used for 2,000 hours for his work during the year. His children in college also use the tablet for 500 hours during the year to do their homework.
He paid $2,000 for the computer and had claimed $900 of depreciation. He sold it for $1,400.
Determine the amount and type of his gain or loss realized on the sale of the computer.
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