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Author Question: Octet Corporation placed a small storage building in service in 2000. Octet's original cost for the ... (Read 63 times)

formula1

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on: Sep 13, 2020
Octet Corporation placed a small storage building in service in 2000. Octet's original cost for the building is $800,000 and the cost recovery deductions are $300,000. This year the building is sold for $1,100,000.  The amount and character of the gain are
◦ Ordinary gain of $60,000 and Sec. 1231 gain of $540,000.
◦ Ordinary gain of $300,000 and Sec. 1231 gain of $300,000.
◦ Ordinary gain of $600,000.
◦ Sec. 1231 gain of $600,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by formula1 on Sep 13, 2020

Kimmy

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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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formula1

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

Liddy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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