Question 1 1 pts Julie is selling a mixing machine from her business. The amount she realizes on the sale is equal to any cash received, the FMV of any property received, less any expenses she incurs to sell the mixing machine. O True False Question 2 1 pts Congress offers a variety of preference or incentives in the tax code to encourage investment and stimulate the economy. Depreciation recapture is one of those incentives. True MacBook Pro $ Absent an exclusion or deferral, a realized gain is typically equal to a recognized gain. True O False Question 4 Adjusted basis and amount realized are essentially the same. In other words, the two formulas below are equivalent: Adjusted basis Initial basis - Cost recovery allowed (or allowable) Amount realized = Initial basis - Cost recry allowed (or allowable) True MacBook Pro G Search or type URL ( ) % 6 9 Q L & * 8 | 1 pts + 11