Remaining Time: 1 hour, 28 minutes, 04 seconds. Question Completion Status: A Moving to the next question prevents changes to this answer. Question Question 1 5 points Sav Read the below short scenario and answer the question. Make sure to provide your reasons. Micheal is a plumber and bought a machinery to be used for his plumbing job. Before using the machinery, the price of the machinery was increased significantly due to supply shortage and hence he decided to sell it. Is the amount received an assessable income? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI V & Paragraph A 2 T. Arial 14px V Desktop