A business machine purchased april 10 2006 for 86000 was, Ask an Expert

Management Studies

A business machine purchased April 10, 2006 for $86,000 was fully depreciated in 2006 using § 179 instant expensing On August 15, 2007 the sole proprietor who possessed the machine died. On that date the machine's value was $57,000. It was inherited by an individual who didn't use the machine in business as well as was sold on November 22, 2007 for $53,000. What is the amount as well as nature of the improvement or loss from disposition of the machine?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9379752

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