1231 Problem: Mirhan Corporation (21% corporate rate) began a business 8 years ago. Mirhan had deducted a 1231 loss 2 years ago (of 8,000), but otherwise never sold any assets. Mirhan owned each of the below assets since the business started. In the current year, Mirhan sold the following business- use assets: Accumulated Asset Original Cost Depreciation Sales Price Computers $6,000 $2,000 8,000 Furniture 20,000 12,000 6,000 Building 100,000 10,000 110,000 1) What is the character of Mirhans gains or losses for the current year? What effect do the gains or losses have on Mirhan's tax liability? 2) What if, instead of a 1231 loss 2 years ago, it was a capital loss. Would that impact your calculation? If so, how