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During the current year L sold his business and received $ 4 4 0 , 0 0 0 for its related franchise. The franchise had
During the current year L sold his business and received $ for its related franchise. The franchise had an original cost of $ and the Class UCC at the beginning of the current was $ 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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