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Question 6 (10 points) On April 1, 2000, Blue Company purchased machinery for $150,000. On November 30, 2016, when the accumulated depreciation is $132,000, Blue

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Question 6 (10 points) On April 1, 2000, Blue Company purchased machinery for $150,000. On November 30, 2016, when the accumulated depreciation is $132,000, Blue disposes of the asset at the following prices. Calculate the following based on the different sales prices. $65,000 $15,000 $18,000 $ 1245 recapture potential $ 1231 gain Ordinary income/loss)

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