Firm OCS sold business equipment with a $20,000 initial cost basis and $7,315 accumulated tax depreciation. In each of the following cases, compute OCSs recaptured ordinary income and Section 1231 gain or loss on sale. Required: a. Amount realized was $10,000. b. Amount realized was $13,000. c. Amount realized was $17,500. d. Amount realized was $22,500. Amount a. Recaptured ordinary income of a. Section 1231 gain or (loss) b. Recaptured ordinary income of b. Section 1231 gain or (loss) c. Recaptured ordinary income of c. Section 1231 gain or (loss) d. Recaptured ordinary income of d. Section 1231 gain or (loss)

4 Problem 08-26 (Static) (LO 8-8] 0.45 points Firm OCS sold business equipment with a $20,000 initial cost basis and $7,315 accumulated tax depreciation. In each of the following cases, compute OCS's recaptured ordinary income and Section 1231 gain or loss on sale. Skipped eBook Required: a. Amount realized was $10,000. b. Amount realized was $13,000. c. Amount realized was $17,500. d. Amount realized was $22,500. Print References (For all requirements, losses should be indicated with a minus sign. Leave no cell blank. Enter "O" for cells that do not have an amount.) Amount a. Recaptured ordinary income of a. Section 1231 gain or loss) b. Recaptured ordinary income of b. Section 1231 gain or loss) c. Recaptured ordinary income of c. Section 1231 gain or loss) d. Recaptured ordinary income of d. Section 1231 gain or (loss)