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Firm OCS sold business equipment with a $25,500 initial cost basis and $12,265 accumulated tax depreciatlon. In each of the following cases, compute OCS's recaptured
Firm OCS sold business equipment with a $25,500 initial cost basis and $12,265 accumulated tax depreciatlon. In each of the following cases, compute OCS's recaptured ordinary Income and Section 1231 gain or loss on the sale. Requlred: a. Amount realized was $11,100. b. Amount realized was $14,100. c. Amount realized was $18,600. d. Amount realized was $29,100. Note: For all requlrements, losses should be Indlcated with a minus sign. Leave no cell blank. Enter "O" for cells that do not have an amount. Answer is complete but not entirely correct
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