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?In 2 0 2 3 , ?Skylar sold equipment for $ 1 2 0 , 2 0 0 ?cash and a $ 1 , 2
?In ?Skylar sold equipment for $ ?cash and a $ ?note due in two years. Skylar's cost of the property was $ ?and he had deducted depreciation of $
If required, round any division to two decimal places and your final answers to the nearest dollar.
a ? Under the installment sales method, what is Skylar's total realized gain?
$fill in the blank
b ? In the year of sale, how much ?gain does Skylar recognize?
$fill in the blank
How much gain can be deferred under the installment sale method?
$fill in the blank
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