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Business, 18.12.2020 17:30 bneilesauger

Alpha sold machinery that it used in its business to Beta, a related entity, for $40,100. Beta used the machinery in its business. Alpha bought the machinery a few years ago for $49,900 and has claimed $30,100 of depreciation expense. What is the amount and character of Alpha's gain

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Alpha sold machinery that it used in its business to Beta, a related entity, for $40,100. Beta used...

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