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Gain/Loss on Disposal 11-53 Equipment costing $20,000 that is a MACRS 5- year property is disposed of during the second year for $15,000. Calculate any

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Gain/Loss on Disposal 11-53 Equipment costing $20,000 that is a MACRS 5- year property is disposed of during the second year for $15,000. Calculate any depreciation recapture, ordinary losses, or capital gains associated with dis- posal of the equipment

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