Home / Questions / A couple of years ago, the company Health4All purchased land, a building, and two deprecia...
A couple of years ago, the company Health4All purchased land, a building, and two depreciable assets from another corporation. All of these have recently been disposed. Use the Information shown to determine the presence and amount of any capital gain, capital loss, or depreciation recapture. Asset Current Book Value, $ Sales Price, $ Land Building Asset 1 Asset 2 Purchase Recovery Period, Price. $ Years -220.000 -800.000 27.5 -50.500 3 -10.000 3 275.000 15,500 5.000 285.000 255.000 19.000 19.000 The capital galn (CG) amount for land is determined to be $| The capital loss (CL) amount for building is determined to be $ The depreciation recapture (DR) amount for asset 1 is determined to be $ The depreciation recapture (DR) amount for asset 2 is determined to be $ The capital gain (CG) amount for asset 2 is determined to be $
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