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Essay 01, Part B Compute the 1245 recapture if the selling price of the equipment is $40,000 instead of $130,000. Essay 01 Billy Bob bought

Essay 01, Part B Compute the 1245 recapture if the selling price of the equipment is $40,000 instead of $130,000. Essay 01 Billy Bob bought depreciable business equipment for $100,000 and took $50,000 in MACRS depreciation. The AMT depreciation over the same period is $10,000. Billy Bob sold the machine for $60,000

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