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are they correct? QUESTION 11 4 point Taxpayer sells a building, land, and equipment for $2 million. The building had basis of $500.000 and depreciation
are they correct?
QUESTION 11 4 point Taxpayer sells a building, land, and equipment for $2 million. The building had basis of $500.000 and depreciation deductions of $50,000. The land had basis of $250,000 The equipment had basis of $300,000 and depreciation deductions of $250.000 What amount of gain is recaptured as ordinary income? O $50,000 O $250,000 O $200,000 $300,000 QUESTION 12 4 point Which of these assets is not considered depreciable property? O A computer A patent A large piece of machinery Software Step by Step Solution
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