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Business, 20.06.2020 22:57 drew1t

Lester sold a warehouse and a forklift. The warehouse sold for $230,000. It had an original cost of $150,000 and accumulated depreciation of $40,000. The forklift sold for $4,000. It had an original cost of $15,000 and accumulated depreciation of $14,000. Lester has $2,000 in unrecaptured Section 1231 losses from last year and a marginal tax rate of 32%. Assuming no other asset sales, Lester will be taxed on $ at 32%, $ at 25%, and $ at 15%.

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Lester sold a warehouse and a forklift. The warehouse sold for $230,000. It had an original cost of...
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