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4 Points Listen Question 1 In 2024 van Buren inc. sold...

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Accounting

4 Points
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Question 1
In 2024 van Buren inc. sold equipment that it used in its busness tor $38,000. Van Buren bought the equipment in 2019 for $35,000 and has camed $4800 a d depreoation. What is the amount and character of Van Buren Inc.'s gain or loss recognized?
s49000 errinary gain: 53.000 $ 1231 gain
57.8001231 gath
57000 ortingyy gan
$3,000 orthary gain 54800$1231 gain
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