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36- In 2020, Dan Dunne sold a business machine for $75,000. He had purchased the machine in 2012 for $90,000 and had taken a total

36- In 2020, Dan Dunne sold a business machine for $75,000. He had purchased the machine in 2012 for $90,000 and had taken a total of $63,000 of depreciation prior to the sale.

a-What is Dan's realized and recognized gain on the sale?

b-How much of the recognized gain is treated as ordinary income?

c- How much of the recognized gain is treated as capital gain income?

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