Question: Exercise 1 4 - 3 3 ( Algorithmic ) ( LO . 9 ) Jacob purchased business equipment for $ 1 0 7 , 1

Exercise 14-33(Algorithmic)(LO.9) Jacob purchased business equipment for $107,100 in 2021 and has taken $64,260 of regular MACRS depreciation. Jacob sells the equipment in 2024 for $48,195. What is the amount and character of Jacob's gain or loss? If an amount is zero, enter "0". Jacob has 1245 gain of $ and 1231 gain of $
Exercise 1 4 - 3 3 ( Algorithmic ) ( LO . 9 )

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