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Author Question: In 1980, Artima Corporation purchased an office building for $400,000 for use in its business. The ... (Read 75 times)

james

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In 1980, Artima Corporation purchased an office building for $400,000 for use in its business. The 
building is sold during the current year for $550,000. Total depreciation allowed for the building was $390,000; straight-line would have been $360,000. As result of the sale, how much section 1231 gain will Artima Corporation report?
◦ $150,000
◦ $398,000
◦ $510,000
◦ $540,000


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Marked as best answer by james on Sep 13, 2020

kilada

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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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james

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


Viet Thy

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

 

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