A wholesale business with a December $31$ year$-$end purchased new equipment on November $25,2021,$ for $$41,000.$ Before $2021,$ the business owned no other equipment. Required: a$.$ What are the tax consequences if the business sells the equipment in $2023$ for $($a$)$ $$16,000?($b$)$ $$24,000?($c$)$ $$47,000?($Use a minus sign $(-)$ when entering numbers that reduce UCC.$)$ b$.$ How would your answer change if on December $31,2023,$ the business acquired new equipment costing $$1,200?$ Assume the new equipment is not designated immediate expensing property. $($Use a minus sign $(-)$ when entering numbers that reduce UCC.$)$A wholesale business with a December $31$ year$-$end purchased new equipment on Nowember $25,2021,$ for $$40,000.$

Before $2021,$ the business owned no other equipment.

Required:

a$.$ What are the tax consequences If the business sells the equipment in $2023$ for $($a$)$ $$15,000?($b$)$ $$23,000?($c$)$

$$46,000?($Use a minus sign $(-)$ when entering numbers that reduce UCC.$)$

b$.$ How would your answer change if on December $31,2023,$ the business acquired new equipment costing $$1,000?$

Assume the new equlpment is not designated Immedlate expensing property. $($Use a minus sign $(-)$ when entering

numbers that reduce UCC.$)$

Answer is not complete.