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Business, 01.12.2021 02:20 trying2passs

Item30 0.27 points Return to questionItem 30 Problem 11-48 (LO 11-3, LO 11-4, LO 11-5) (Algo) Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2021, she sells the following long-term assets used in her business: Asset Sales Price Cost Accumulated Depreciation Building $ 232,400 $ 202,400 $ 54,400 Equipment 82,400 150,400 25,400 Lily's taxable income before these transactions is $192,900. What are Lily's taxable income and tax liability for the year

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Item30 0.27 points Return to questionItem 30 Problem 11-48 (LO 11-3, LO 11-4, LO 11-5) (Algo) Lily T...
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