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A $6,000 asset with a MACRS class life of 5 years was purchased on June 1, 2015. On September 3, 2017, it was sold for
A $6,000 asset with a MACRS class life of 5 years was purchased on June 1, 2015. On September 3, 2017, it was sold for $2,000. n MACRS DEP. BOOK VALUE $6,000 DATE Purchased 6/1/2015 2015 2016 2017 (sold 9/3/2017) 0 1 2 3 The gain or loss when the asset was sold was closest to: a. $272 GAIN b. $272 LOSS c. $304 GAIN d. $304 LOSS
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