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Juno Corporation had ordinary taxable income of $131333 in the current year before consideration of any of the following property transactions. It sold two blocks

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Juno Corporation had ordinary taxable income of $131333 in the current year before consideration of any of the following property transactions. It sold two blocks of stock helf for invesirnent. One yielded a shortterm capital gain of $3,333 and the other a long term capital loss of $14,333. In addition, Juno sold four pieces of machinery for $33,333. It purchased the machines three years ago for $33,333 and claimed $35,333 of depreciation deductions. Juno also sold a building for $433,333 that it had purchased fifteen years ago for $333,333. The depreciation deductions up to the date of sale for the building were $133,333. A. Determine the amount and character of each gain or loss from the property transactions and Juno Corporation's taxable income for the current year

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