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1. 2. You did not receive full credlt for this question in a previous attem in the current year, Raven sold machinery with a fair

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You did not receive full credlt for this question in a previous attem in the current year, Raven sold machinery with a fair market value of $200,000. The machinery's original basis was $191750 and Ravens was $41,400, so its adjusted basis to Raven was $150,350 Raven received $50,000 in the What is the amount and character of the gain that Raven will recognize in the current year? curment year and a note payling Raven $75,000 a year for two years beginning in next year MacBook Ai 11 8 2 3 4 8

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