The region is the east coast of the United States

The company has a list of equipment they sold during the tax year. Please review the list and answer the questions below: Equipment Cost Sales Price Luxury Car Computer Furniture MACRS Year Property 5 Year Property 5 Year Property 7 Year Property Accumulated Depreciation $36,000 $12,000 $1,200 $1,200 $25,000 $20,000 $20,000 $200 $10,000 niture Year Property $20,000 $10,000 6. What will be the tax treatment as follows for the sale of the Luxury Car a. Calculate the Realized Gain or Loss (5pts): b. What will be the character and amount of the Recognized gain? (10 pts) Luxury Car Code Section Character Amount 1231 1245 1250 7. What will be the tax treatment as follows for the sale of the Computer? Calculate the Realized Gain or Loss (5 pts): a. b. What will be the character and amount of the Recognized gain? (10 pts) Computer Character Amount Code Section 1231 1245 1250