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Asset Rack Accumulated Cost Acquired Depreciation Sold For Sold On $185,600 10/10/18 $120,640 $92,800 10/10/21 74,240 10/16/18 37,120 27,840 10/10/21 167,040 03/12/20 55,680 92,800 10/10/21

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Asset Rack Accumulated Cost Acquired Depreciation Sold For Sold On $185,600 10/10/18 $120,640 $92,800 10/10/21 74,240 10/16/18 37,120 27,840 10/10/21 167,040 03/12/20 55,680 92,800 10/10/21 Forklift Bin If an amount is zero, enter "0". a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Total Amount of Character of Amount of $ 1245 Balance of Asset Gain or Loss Recapture Gain or loss Rack Gain or Loss Forklin Bin Copper has due to 5 1245 recapture and of 5 1231 b. Assuming that Copper has $15.560 nonrecaptured net 5 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain

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