1 Problems Property Dispositions Saved 8 8 1 of 3 Requirea information Problem 11-43 (LO 11-3, LO 11-4) (Static) The following information applies to the questions displayed below) Rayburn Corporation has a building that it bought during year O for $850,000. It sold the building in year 5. During the time it held the building, Rayburn depreciated it by $100,000 What are the amount and character of the gain or loss Rayburn will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NAIf a situation is not applicable. Leave no answer blank. Enter zero if applicable.) Ook Problem 11.43 Part-a (Static) rin a. Rayburn sold the property for $840,000. onces Description Total Gain(L018) Recognized Unrecaptured 51250 gain (and 51231 gain) $1231 gain/loss Amount $ 90,000 $ 100,000 $ 10,000 CP ! Required information Problem 11-43 (LO 11-3, LO 11-4) (Static) (The following information applies to the questions displayed below.) Rayburn Corporation has a building that it bought during year o for $850,000. It sold the building in year 5. During the time it held the building, Rayburn depreciated it by $100,000 What are the amount and character of the gain or loss Rayburn will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.) Problem 11-43 Part-b (Static) b. Rayburn sold the property for $900,000 Description Total Gain/(Loss) Recognized Amount 51231 gain/loss Required information Problem 11-43 (LO 11-3, LO 11-4) (Static) [The following information applies to the questions displayed below.) Rayburn Corporation has a building that it bought during year O for $850,000. It sold the building in year 5. During the time it held the building, Rayburn depreciated it by $100,000. What are the amount and character of the gain or loss Rayburn will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.) Problem 11-43 Part-c (Static) c. Rayburn sold the property for $700,000 Description Total Gain/(Loss) Recognized Amount $1231 gain loss ov ! Required information Problem 11-43 (LO 11-3, LO 11-4) (Static) [The following information applies to the questions displayed below.) Rayburn Corporation has a building that it bought during year for $850,000. It sold the building in year 5. During the time it held the building, Rayburn depreciated it by $100,000. What are the amount and character of the gain or loss Rayburn will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.) Problem 11-43 Part-c (Static) c. Rayburn sold the property for $700,000, Description Total Gain(Loss) Recognized Amount 51231 gain/loss
