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This year, Sigma Inc generated $621,000 income from its routine business operations. In addition, the assets, all of which were held for more than 12

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This year, Sigma Inc generated $621,000 income from its routine business operations. In addition, the assets, all of which were held for more than 12 months. Initial Basis 124,800 168,800 Depr.Price Marketable securities $ 158,600 $ Production equipment Business realty: e $ 67,eee 99,84034,250 Land Building 0 280,250 211,000 63,300 284,898 Through date of sale a. Compute Sigma's taxable income assuming that it used the straight-ine method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigma sold the securities for $170.800 rather than $67,000 Complete this question by entering your answers in the tabs below Required A Required B Compute Sigma's taxable income assurming that it used the stralight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. Required B> This year, Sigma Inc. generated $621,000 income from its routine business operations. In addition, the corporation sold the assets, all of which were held for more than 12 months. Initial Basis Sale Depr. Price Acc. Marketable securities 158,600 $ 67,e0e Production equipment 124,800 99,84034,250 Business realty: Land Building 168,000 e 200,250 211,60 63,300 284,080 Through date of sale a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigma sold the securities for $170,800 rather than $67,000 Complete this question by entering your answers in the tabs below Required A Required B Recompute taxable income assuming that Siqma sold the securities for $170,800 rather than $67,000. C Required A Next >

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