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Exercise 8-6 (Algorithmic) (L0. 6, 7) Renata Corporation purchased equipment in 2019 for $336,000 and has taken $151,200 of regular MACRS depreciation. Renata Corporation sells

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Exercise 8-6 (Algorithmic) (L0. 6, 7) Renata Corporation purchased equipment in 2019 for $336,000 and has taken $151,200 of regular MACRS depreciation. Renata Corporation sells the equipment in 2021 for $201,600. What is the amount and character of Renata's gain or loss? Renata Corporation has a gain of $ of which 4 is treated as ordinary income due to

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