Help with questions 6 a b-7 a b. The tax laws used are U.S Tax Laws of 2018, and if you could provide how you got to the answer as well would be appreciated.

The company has a list of equipment they sold during the tax year. Please review the list and answer the questions below: Equipment Cost Sales Price Luxury Car | Computer Furniture MACRS Year Property 5 Year Property 5 Year Property 7 Year Property $36,000 $1,200 $25,000 Accumulated Depreciation $12,000 $1,200 $20,000 $20,000 $200 $10,000 | 6. What will be the tax treatment as follows for the sale of the Luxury Car a. Calculate the Realized Gain or Loss: b. What will be the character and amount of the Recognized gain? Luxury Car Character Amount Code Section 1231 1245 1250 7. What will be the tax treatment as follows for the sale of the Computer? a. Calculate the realized Gain or Loss: b. What will be the character and amount of the Recognized gain? Computer Character Amount Code Section 1231 1245 1250