Hauswirth Corporation sold (or exchanged) some manufacturing equipment in year 0. Hauswirth bought the machinery several years ago for $84,500 and it has claimed $39,400 of depreciation expense against the equipment. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.) a. Assuming that Hauswirth receives $58,200 in cash for the equipment, compute the amount and character of Hauswirths recognized gain or loss on the sale.

Recognized Gain/(Loss)
Character of Recognized Gain/(loss)
Ordinary Gain/(Loss)
Section 1231gain/(Loss)

b. Assuming that Hauswirth receives like-kind equipment with a fair market value of $58,200 in exchange for its equipment, compute Hauswirths gain realized, gain recognized, deferred gain, and basis in the new equipment.

Gain realized	$
Character of Recognized Gain/(Loss)
Ordinary Gain/(Loss)
Section 1231 gain/(loss)

c. Assuming that Hauswirth receives $30,000 in cash in year 0 and a $64,500 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain in year 0 and in year 1.

Description	Amount	Character
Original Basis
Accumulated Deprec
Adjusted Basis
Gain (Loss) Realized
Depreciation Recapture
Gain Eligible for Installment Reporting
Gross Profit Percentage
Installment Gain (Loss) in year 0
Installment Gain (Loss) in year 1