Question: please answer ASAP Moving to another question will save this response Question 27 3 po In 2020, ADC Business sold a warehouse which had been
Moving to another question will save this response Question 27 3 po In 2020, ADC Business sold a warehouse which had been used in the business for more than one year. The initial basis of the warehouse was $600,000, and accumulated depreciation was $455.000 price of the warehouse was 5510,000. What is the amount of the gairvioss which ABC will recognize on the sale of the warehouse and what the character? -590,000 fons, which is ordinary in character CA 5965,000 gair, of which 365,000 is unrecaptured Sec 1 250 gain taxed at 25 $385.000 gain, of which $385.000 is ordinary income 550.000 for which is capital in character Moving to another question will love this response
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