Question: Please help with this assignment Help Save This year, Sigma Inc. generated $666,750 income from its routine business operations. In addition, the corporation sold the
Please help with this assignment

Help Save This year, Sigma Inc. generated $666,750 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months. Initial Acc. Sale Basis Depr. * price Marketable securities $ 179, 200 $ $ 78, 750 Production equipment 132, 400 105, 920 36, 350 Business realty: Land 236, 250 247 , 750 Building 273, 500 82, 050 241, 000 *Through date of sale. ces a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses b. Recompute taxable income assuming that Sigma sold the securities for $186,000 rather than $78,750. Complete this question by entering your answers in the tabs below. Required A Required B Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. hp
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