Goog 000g Goog Jordan 11 HD Movie Zone Watch romance 1 Homework wa He Required information [The following information applies to the questions displayed below.] Buckley, an individual, began business two years ago and has never sold a 51231 asset. Buckley has owned each of the assets since he began the business. In the current year, Buckley sold the following business assets: Accumulated Asset Original Cout D eciation Gain/tone Computers $ 6.000 $ 2,000 $ (3,000) Machinery 10.000 4.000 (2,000) Furniture 20,000 12,000 7.000 Building 100,000 10,000 (1,000) Assuming Buckley's marginal ordinary income tax rate is 32 percent, answer the questions for the following alternative scenarios: c1. Assume that the amount realized increased so that the building was sold at a $15,000 gain instead. What is the amount and character of Buckley's gains or losses for the current year? c2. Calculate Buckley's tax liability or tax savings for the year