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Renata Corporation purchased equipment in 2017 for $324,600 and has taken $146,070 of regular MACRS depreciation. Renata Corporation sells the equipment in 2019 for

Renata Corporation purchased equipment in 2017 for $324,600 and has taken $146,070 of regular MACRS depreciation. Renata Corporation sells the equipment in 2019 for $194,760. What is the amount and character of Renata's gain or loss? Renata Corporation has a gain of $ 1245 recapture of which is treated as ordinary income due to

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