Register
Katie sells her personal use automobile for $12,000. She purchased the car three years ago for $10,000. What is Katie's recognized gain or loss?
209k views
5 votes
Katie sells her personal use automobile for $12,000. She purchased the car three years ago for $10,000. What is Katie's recognized gain or loss?

User Vpalle
by
7.6k points

1 Answer

1 vote
katie’s recognized gain / loss would be $0
User Clain Dsilva
by
7.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!