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Sophia (30% ordinary tax rate) sells her business-use computer that she purchased 3 years ago (FMV = 1,000; Original Basis = 2,000). The computer had
- Sophia (30% ordinary tax rate) sells her business-use computer that she purchased 3 years ago (FMV = 1,000; Original Basis = 2,000). The computer had a total of 600 in accumulated depreciation at the time of sale. What is the total after-tax cash flow from this sale?
- -400
- +1,120
- -250
- +460
- -850
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