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explain why B is the correct answer, show works Booth Corporation sells a building classified as a residential rental property for $200,000. The MACRS straight-line

explain why B is the correct answer, show works

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Booth Corporation sells a building classified as a residential rental property for $200,000. The MACRS straight-line depreciation taken is $20,000 and the adjusted basis of the building is $170,000. Booth Corporation must recognize ordinary income of $20,000. $4,000. $0. $30,000

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