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During the current year L sold his business and received $400,000 for its related franchise. The franchise had an original cost of $300,000 and its

During the current year L sold his business and received $400,000 for its related franchise. The franchise had an original cost of $300,000 and its UCC at the beginning of the current was $180,000. 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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