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Business, 30.10.2020 17:00 laceybudd9472

Jacob purchased business equipment for $56,000 in 2017 and has taken $35,000 of regular MACRS depreciation. Jacob sells the equipment in 2020 for $26,000. What is the amount and character of Jacob's gain or loss

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Jacob purchased business equipment for $56,000 in 2017 and has taken $35,000 of regular MACRS deprec...

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