Question
Asset Sale Furniture purchased in 2020 per invoice #12 from Sticks and Pucks, Inc., was sold on July 29,2022 , for $15,000. The correct adjusted
Asset Sale Furniture purchased in 2020 per invoice #12 from Sticks and Pucks, Inc., was sold on July 29,2022 , for $15,000. The correct adjusted basis, current gain, and Section 1245 recapture are $13,118,$1,882, and $1,882 respectively. 0 Choose an option below: [Original text]The correct adjusted basis, current gain, and Section 1245 recapture are $13,118,$1,882, and $1,882 respectively. The correct adjusted basis, current gain, and Section 1245 recapture are $13,118,$1,882, and $0 respectively. The correct adjusted basis, current gain, and Section 1245 recapture are $9,600,$5,400, and $5,400 respectively. The correct adjusted basis, current gain, and Section 1245 recapture are $16,290,$0, and $0 respectively.
Asset Sale Furniture purchased in 2020 per invoice \#12 from Sticks and Pucks, Inc., was sold on July 29,2022 , for $15,000. The correct adjusted basis, current gain, and Section 1245 recapture are $13,118,$1,882, and $1,882 respectively. 0 Choose an option below: [Original text]The correct adjusted basis, current gain, and Section 1245 recapture are $13,118,$1,882, and $1,882 respectively. The correct adjusted basis, current gain, and Section 1245 recapture are $13,118,$1,882, and $0 respectively. The correct adjusted basis, current gain, and Section 1245 recapture are $9,600,$5,400, and $5,400 respectively. The correct adjusted basis, current gain, and Section 1245 recapture are $16,290,$0, and $0 respectively. Hockey Equipment Company (HEC) Tax Depreciation Worksheet Sticks \& Pucks, Inc. 869 Carnton Lane Madison, WI 56732 BILL TO Hockey Equipment Company 88 Blackhawk Drive Windy City, IL 60000 RECEIPT \# RECEIPT DATE 12 03/01/2020 Receipt Total $25,000.00 DESCRIPTION Furniture AMOUNT 23,500.00 23,500.00 1,500.00 TERMS \& CONDITIONS Payment is due within 15 daysStep by Step Solution
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