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Author Question: Julie sells her manufacturing plant and land originally purchased in 1980. Accelerated depreciation ... (Read 31 times)

vinney12

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on: Sep 13, 2020
Julie sells her manufacturing plant and land originally purchased in 1980. Accelerated depreciation had been taken on the building, but the building is now fully depreciated. Julie is in the 39.6% marginal tax bracket. Other information is as follows:



She has not sold any other assets this year.  A review of her file indicates that the only asset dispositions in the past five years was a truck sold for a $10,000 loss last year.  What are the tax consequences of the sale (type of gain; rates at which taxed)?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by vinney12 on Sep 13, 2020

jxjsniuniu

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vinney12

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

kilada

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Reply 3 on: Yesterday
Wow, this really help

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