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Aqua Corporation purchases nonresidential real property on May 8 , 2 0 2 1 , for $ 2 , 3 4 0 , 0 0
Aqua Corporation purchases nonresidential real property on May for $ Straightline cost recovery is taken in the amount of $ before the property is sold on November for $
a Compute the amount of Aqua's recognized gain on the sale of the realty.
b Determine the amount of the recognized gain that is treated as gain and the amount that is treated as recapture ordinary income due to
gain: $
recapture ord
Alphanumeric input field :
$
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