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Buckley, an individual, began business two years ago and has never sold a S1231 asset. Buckley has owned each of the assets since he began

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Buckley, an individual, began business two years ago and has never sold a S1231 asset. Buckley has owned each of the assets since he began the business. In the current year, Buckley sold the following business assets: Computers Machinery Part 3 of3 4,000 12,000 10.000 (2,000) Building 100.000 (1,000) Assuming Buckley's marginal ordinary income tax rate is 32 percent, answer the questions for the following alternative et. Assume that the amount realized increased so that the building was sold at a $15,000 gain instead. What is the amount and character of Buckley's gains or losses for the current year? c2. Cakulate Buckley's tax liability or tax savings for the year Complete this question by entering your answers in the tabs below Req cl Req e2 at the smount realized ingreased so that the building was sold at a $15,000 gain nsbead. What is the amount and character of Buckley's gains or losses for the current year

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