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Author Question: A corporation sold a warehouse during the current year. The straight-line depreciation method was ... (Read 62 times)

HudsonKB16

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Question 1

WAM Corporation sold a warehouse during the current year for $830,000. The building had been acquired in 1991 at a cost of $730,000 and had total straight-line depreciation of $510,000.

What is the amount and nature of the gain or loss on the sale of the warehouse?

Question 2

A corporation sold a warehouse during the current year. The straight-line depreciation method was used. Information about the building is presented below:



How much gain should the corporation report as section 1231 gain?
◦ $124,000
◦ $620,000
◦ $586,000
◦ $710,000


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Marked as best answer by HudsonKB16 on Sep 13, 2020

Jsherida

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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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HudsonKB16

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Reply 2 on: Sep 13, 2020
Excellent


LegendaryAnswers

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Reply 3 on: Yesterday
:D TYSM

 

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