The Apple Corporation owns equipment with a $275,000 adjusted basis. The equipment was purchased six years ago for $690,000. Assume Apple sells the equipment for the selling prices given in the three independent cases below. View the three independent cases. Read the requirement. Begin by entering the amount of the recognized gain for each case. Then enter the character of the gain or loss for each case. (Use a minus sign or parentheses to enter a loss. Complete all input fields. Enter a "0" for any zero-balances.) Three Independent Cases Requirement What are the amount and character of Apple's recognized gain or loss? (Assume the adjusted basis of the equipment was calculated using the depreciation that is allowed or allowable.) The Apple Corporation owns equipment with a $275,000 adjusted basis. The equipment was purchased six years ago for $690,000. Assume Apple sells the equipment for the selling prices given in the three independent cases below. View the three independent cases. Read the requirement. Begin by entering the amount of the recognized gain for each case. Then enter the character of the gain or loss for each case. (Use a minus sign or parentheses to enter a loss. Complete all input fields. Enter a "0" for any zero-balances.) Three Independent Cases Requirement What are the amount and character of Apple's recognized gain or loss? (Assume the adjusted basis of the equipment was calculated using the depreciation that is allowed or allowable.)