My Home X CengageNOWv2 | Online teachin x Q Tax Acct Chp. 14 Flashcards | Quiz x + V X F- CD v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail Maps A Leading CSU | Cal... MGMT 340 ACCT 308 WP ACCT 301B Spectrum.net Hom... Rate My Professors Google Dich C Chegg - Save up to... Shuumatsu Nani S... Elearning Portal Q FICA EX3 - Quiz #12 - Chapter 14 eBook Problem 14-73 (LO. 8, 9) 1. DRILL.capital.gain.and.loss.r... . ? Copper Industries (a sole proprietorship) sold three $ 1231 assets during 2021. Data on these property dispositions are as follows: 2. DRILL. 1245.recapture Accumulated Asset Cost Acquired Depreciation Sold For Sold On 3. DQ. 14-16 Rack $110,000 10/10/18 $70,000 $55,000 10/10/21 4. PR. 14-62 Forklift 45,000 10/16/18 21,000 15,000 10/10/21 Bin 97,000 03/12/20 31,000 60,000 10/10/21 5. PR. 14-73 If an amount is zero, enter "0". a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Total Amount of Character of Amount of $ 1245 Balance of Asset Gain or Loss Gain or Loss Recapture Gain or Loss Rack Forklift Bin Copper has $ of due to $ 1245 recapture and $ of $ 1231 long-term capital gains ordinary income Progress: 5/5 items Previous Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for Grading 66.F ~ ENG 9:12 AM Sunny O 2 P W 4/24/2022My Home X CengageNOWv2 | Online teachin X Q Tax Acct Chp. 14 Flashcards | Qui: x + V X F- CD v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail Maps A Leading CSU | Cal.. MGMT 340 ACCT 308 WP ACCT 301B Spectrum.net Hom. Rate My Professors Google Dich C Chegg - Save up to... Shuumatsu Nani S... Elearning Portal Q FICA EX3 - Quiz #12 - Chapter 14 eBook Rack $110,000 10/10/18 $70,000 $55,000 10/10/21 1. DRILL.capital.gain.and.loss.r... . ? Forklift 45,000 10/16/18 21,000 15,000 10/10/21 2. DRILL. 1245.recapture Bin 97,000 03/12/20 31,000 60,000 10/10/21 3. DQ. 14-16 If an amount is zero, enter "0". 4. PR. 14-62 a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. 5. PR. 14-73 Total Amount of Character of Amount of $ 1245 Balance of Asset Gain or Loss Gain or Loss Recapture Gain or Loss Rack Forklift Bin Copper has $ of due to $ 1245 recapture and $ of $ 1231 C gain lloss b. Assuming that Copper has $6,000 nonrecaptured net $ 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain. Progress: 5/5 items Previous Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for Grading 66.F ~ ENG 9:12 AM Sunny 2 P W 4/24/2022