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Business, 14.02.2020 02:26 emilyscroggins794

In 2019, Beth sold equipment used in her business. Her basis in the property was $300,000 ($500,000 cost less $200,000 of depreciation). Beth sold the property for $400,000, with $100,000 due on the date of the sale and $300,000 (plus interest at the Federal rate) due in 2020. Beth's recognized gain from the installment sale in 2019 is:.

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In 2019, Beth sold equipment used in her business. Her basis in the property was $300,000 ($500,000...
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