Jonathon sells the computer that he has used 75 percent for business use and 25 percent for personal use for $1,200 The computer cost $4,000 and the allowable depreciation on the computer is $2,200 H...

Question

Jonathon sells the computer that he has used 75 percent for business use and 25 percent for personal use for $1,200 The computer cost $4,000 and the allowable depreciation on the computer is $2,200 How much Section 1231 gain or loss does Jonathon recognize a $800 gain b $400 gain c $100 gain d $800...

Accepted Answer

The Answer is in the image, click to view ...

Jonathon sells the computer that he has used 75 percent for business use and 25 percent for

Question:

Step by Step Answer:

Taxation For Decision Makers 2008