Question: Answer required A and B please. EzTech, a calendar year accrual basis corporation, generated $ 9 9 4 . 3 0 0 ordinary income from
Answer required A and B please.
EzTech, a calendar year accrual basis corporation, generated $ ordinary income from its business this year. It also sold the
following assets, all of which were held for more than months:
Through date of sale.
EzTech used the straightline method to calculate depreciation on the warehouse and has no nonrecaptured Section losses.
Required:
a Compute EzTech's taxable income.
b Recompute taxable income assuming that EzTech used the land in its business instead of holding it for investment.
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Compute EzTech's taxable income.
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