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In 2022, Skylar sold equipment for $82,800 cash and a $828,000 note due in two years. Skylar's cost of the property was $662,400, and he
In 2022, Skylar sold equipment for $82,800 cash and a $828,000 note due in two years. Skylar's cost of the property was $662,400, and he had deducted depreciation of $397,440. 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 1 645,840 b. In the year of sale, how much 1245 gain does Skylar recognize? $fill in the blank 2 How much gain can be deferred under the installment sale method? $fill in the blank 3 248,400
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