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Question 18 of 75 Sue purchased a van for $18,000 to use exclusively in her delivery business. She sold it four months later in the

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Question 18 of 75 Sue purchased a van for $18,000 to use exclusively in her delivery business. She sold it four months later in the same year for $12,500. What is the amount of gain or loss, and where on Form 4797 does Sue report the sale? $3,700 loss, Part I. $5,500 gain, Part I. $5,500 loss, Part I. $5,500 loss, Part I Mark for follow up gain? Unrecaptured $1250 gain i Mark Tor TOHOW upP Question 18 of 75. Which convention is used for the year of disposition for a warehouse? Mid-quarter Straight-line. O Half-year. OMid-month. Mark for follow up

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