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What is the bus gain or loss on the sale

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Reference no: EM131941934

Question - Sara Heart contributes a truck to her sole proprietorship when the truck is worth $20,000. She has originally paid $35,000 for the vehicle. After claiming depreciation of the truck of $4000, Sarah's business sells the truck for $13,000 several years later. What is the bus's gain or loss on the sale?

Reference no: EM131941934

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