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

Please help with this assignment Help Save This year, Sigma Inc. generated

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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