Question: How would the below information be completed on a From 4 7 9 7 ? The assets Phillip sold on March 2 0 are as

How would the below information be completed on a From 4797? The assets Phillip sold on March 20 are as follows: Date Acquired Asset Sales Price Original Cost Accumulated Depreciation as of Beginning of the Year 5/1/18 Office building $940,000 $900,000 $129,8255/1/18 Land 150,000100,00007/1/18 Furniture 50,000239,000206,9988/13/20 Furniture 10,000324,000222,782 Date Acquired Asset Sales Price Original Cost Accumulated Depreciation as of Beginning of the Year 4/12/215/13/23 Office equipment Computers 100,00030,000120,00050,0007. Phillip has never sold any assets relating to his business before this transaction. 6. Phillip computes his cost recovery allowance using MACRS. He would like to use the 179 immediate expensing, but he has elected to not claim any bonus depreciation. Phillip has never claimed \(\$ 179\) or bonus depreciation before. The assets Phillip sold on March 20 are as follows: 7. Phillip has never sold any assets relating to his business before this transaction.
How would the below information be completed on a

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