Terminus sold four depreciable assets $($Machines $1-4)$ used in its business. The

gains$/$losses along with the depreciation taken on each machine are:

Terminus has unrecaptured $$1231$ lookback losses of $$16,000.$

Taking into consideration depreciation recapture and the $$1231$

unrecaptured lookback rule, identify each machine's gain$/$loss amount and

character.

For the year of the sale, what is the total $($all the machines$)$ amount of

Terminus' net $$1231$ gain?

For the year of the sale, how much, if any, of Terminus' net $$1231$ gain is

treated as ordinary income?

For the year of the sale, how much, of Terminus' net $$1231$ gain is treated

as long$-$term capital gain?

What is the total amount $($all machines$)$ of Terminus' net ordinary gain for

the year?