The stock sold has the same book value as its tax AB$.$ The PS had held the stock $2$ years.

The PS sold equipment for $$40,000.$ The equipment had originally cost $$60,000$ and the PS had taken $$22,000$ in book depreciation. Tax depreciation had been $$44,000.$

The PS sold a building that it used in its business for $$175,000.$ The PS had originally purchased the building for $$170,000$ and had taken $$10,000$ of book depreciation. Tax depreciation taken was $$20,000.$