Multiple Choice
An unincorporated business sold two warehouses during the current year.The straight-line depreciation method was used for the first building and the accelerated method (ACRS) was used for the second building.Information about those buildings is presented below. How much gain from these sales should be reported as section 1231 gain and ordinary income due to depreciation recapture by the owner of the business?
A)
B)
C)
D)
Correct Answer:

Verified
Correct Answer:
Verified
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