A scientist takes a solid compound and drops it into a solut…

A scientist takes a solid compound and drops it into a solution. He lets the solid sit in the solution for 5 minutes before making observations. He observes that the solid compound is simply sitting on the bottom of the solution. There are no bubbles nor color change.  Did the scientist witness a chemical reaction?

Rebekah sold furniture that she used in her business for $30…

Rebekah sold furniture that she used in her business for $30,000. She bought the furniture a few years ago for $78,000 plus $2000 for delivery costs and sales taxes. She has since correctly claimed $40,000 of depreciation deductions. Assuming that this is Rebekah’s only sale of property during the year, what is the amount and character of Rebekah’s gain (loss) on the sale?