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Business, 22.11.2019 06:31 aaayymm

Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. hart has a marginal tax rate of 32 percent. answer the questions presented in the following alternative scenarios (assume hart had no property transactions other than those described in the problem): (loss amounts should be indicated by a minus sign. enter na if a situation is not applicable. leave no answer blank. enter zero if applicable.) required: a1. what is the amount and character of hart’s recognized gain or loss if the asset is tangible personal property sold for $450,000? a2. due to this sale, what tax effect does hart have for the year?

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