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Discuss how to calculate the gain or loss on the disposition of assets used in a trade or business, the concept of depreciation recapture, and
Discuss how to calculate the gain or loss on the disposition of assets used in a trade or business, the concept of depreciation recapture, and the tax treatment of IRC Section 1231 assets. Discuss the difference between Amount Realized and Amount Recognized. Provide at least 1 example of an Amount Realized calculation and at least 1 example of an Amount Recognized calculation.
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