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Calculate the realized gain/loss, recognized gain/loss, and the initial character of that gain/loss for each of the following asset sales. Assume Zeus had other asset

Calculate the realized gain/loss, recognized gain/loss, and the initial character of that gain/loss for each of the following asset sales. Assume Zeus had other asset sales that you dont have the details of so you can not do any netting.

  1. Zeus sold a building. He bought it on 9/9/2010 for $75,000. He sold it on 11/4/2021 for $85,000. He had taken $17,300 in depreciation.
  2. Zeus sold his personal car. He bought it on 4/1/2015 for $20,000. He sold it on 11/4/2021 for $3,000.
  3. Zeus sold his computer. He bought it 2/2/2020 for $1200. He sold it on 11/4/2021 for $900. He had taken $1200 in depreciation on the computer.
  4. Zeus sold his camper. He bought it on 3/31/2021 for $10,500. He sold it on 11/4/2021 for $13,000.

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