Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the vehicle was $10,000. During the time she has owned the car she has taken $3,000 dollars of deprecation on it. Ms. Williams sells the car for $9,000. What is result of the transaction

An ordinary gain of $2,000

Step-by-step explanation:

Cost of the vehicle(C)=$10,000

Depreciation(D)=$3,000

Selling price(S)=$9,000

Worth of the vehicle= Cost price - depreciation

=$10,000-3,000

=$7,000

Net worth= selling price - worth of the vehicle

=$9,000-$7,000

=$2,000

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step-by-step explanation:

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