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Author Question: During the current year, a corporation sells equipment for $300,000. The equipment cost $270,000 ... (Read 280 times)

ghost!

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on: Sep 13, 2020
During the current year, a corporation sells equipment for $300,000. The equipment cost $270,000 when purchased and placed in service two years ago and $60,000 of depreciation deductions were allowed. The results of the sale are
◦ ordinary income of $90,000.
◦ Sec. 1231 gain of $90,000.
◦ ordinary income of $60,000 and LTCG of $30,000.
◦ ordinary income of $60,000 and Sec. 1231 gain of $30,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by ghost! on Sep 13, 2020

sarajane1989

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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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ghost!

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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