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Kingbird Company purchased and placed into service 7-year furniture on March 15, Year 2 . The furniture cost $3500 and was sold in Year 4

image text in transcribed Kingbird Company purchased and placed into service 7-year furniture on March 15, Year 2 . The furniture cost $3500 and was sold in Year 4 for $3900 after taking $1740 in MACRS depreciation deductions. What amount should Kingbird recapture as ordinary income under the Section 1245 recapture rules? $1760$0$1740$2140

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