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Renata Corporation purchased equipment in 2018 for $214,400 and has taken $96,480 of regular MACRS depreciation. Renata Corporation sells the equipment in 2020 for

Renata Corporation purchased equipment in 2018 for $214,400 and has taken $96,480 of regular MACRS depreciation. Renata Corporation sells the equipment in 2020 for $128,640. What is the amount and character of Renata's gain or loss? Renata Corporation has a gain of $ 1245 recapture X of which $ X is treated as ordinary income due to

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