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During the current year L sold his business and received $440,000 for its related franchise. The franchise had an original cost of $320,000 and the

During the current year L sold his business and received $440,000 for its related franchise. The franchise had an original cost of $320,000 and the Class 14 UCC at the beginning of the current was $220,000. What is the total amount that is included in Ls net income for tax purposes in the current year with respect to the sale of the franchise?

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