Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500

Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. what is the amount and character of butte's gain or loss?

Answers

55,000−12,500=42,500
50,000−42,500=7,500
So the answer is
7500 ordinary gain

2017

Explanation:

u = 30

continuing your method

frac{1}{10} = frac{1}{u} + frac{1}{15}

subtract frac{1}{15} from both sides

frac{1}{u} = frac{1}{10} - frac{1}{15} thus

frac{1}{u} = frac{3}{30} - frac{2}{30}

frac{1}{u} = frac{1}{30} ⇒ u = 30

after cutting wages and benefits in order to increase profit .

apex~

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