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S sold equipment that it uses in its business for $30,000. S bought the equipment a few years ago for $80,000 and has claimed $40,000
S sold equipment that it uses in its business for $30,000. S bought the equipment a few years ago for $80,000 and has claimed $40,000 of depreciation expense. What amount, if any, is treated as 1231 (Blank #1), 1245 (Blank #2), 1250 (Blank #3), and ordinary (Blank #4)? If none, then enter 0. Use parentheses to indicate negative values, e.g., (100). Enter your answer without the dollar sign or comma. Round to the nearest dollar if necessary. Blank # 1 o > Blank #2 0 Blank # 3 0 A A Blank #4 (10000)
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