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Rex buys machinery in 2016 for use in his business. The cost is $1,000,000. Depreciation claimed before sale is $680,000. The machinery is sold in

Rex buys machinery in 2016 for use in his business. The cost is $1,000,000. Depreciation

claimed before sale is $680,000. The machinery is sold in 2018 for $540,000. Complete:

Total recognized gain
Section 1231 gain
Section 1245 Recapture

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