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could please answer question #13 (1-4) Problem #13 (4 points) Davidson Industries, a sole proprietorship, sold the following asset in 2018: Sale Price Sale Date
could please answer question #13 (1-4)
Problem #13 (4 points) Davidson Industries, a sole proprietorship, sold the following asset in 2018: Sale Price Sale Date Acquired Cost Asset Depreciation (through date of sale) $25,801 $175,000 3/15/18 10/10/10 $150,000 Warehouse 1) What is the adjusted basis of the warehouse? 2) What is the realized gain on the warehouse? 3) What amount of the gain is taxed according to $ 1250 rules? 4) What amount is considered a 1231 gain before netting Step by Step Solution
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