Problem 4 ( 3 0 points ) In 2 0 2 4 , Rhianna sold business machinery which she acquired in 2 0 1 9 with a fair market value of $ 2 0 0 , 0 0 0 The machinery's original basis was $ 1 9 0 , 0 0 0 and Rhianna's accumulated depreciation on the machinery was $ 4 0 , 0 0 0 , so its adjusted basis to Rhianna was $ 1 5 0 , 0 0 0 a What is the amount and character of the gain that Rhianna will recognize in the current year b Assume Rhianna had a net 1 2 3 1 loss of $ 1 , 0 0 0 in 2 0 2 3 If Rhianna's marginal tax rate is 2 4 and she had no capital losses for the year, what is total tax liability related to the sale of the machinery c How would the answer to part b change if the property sold was real property rather than machinery

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Problem 4 ( 3 0 points ) In 2 0 2 4 , Rhianna sold business machinery which she acquired in 2 0 1 9 with a fair market value of $ 2 0 0 , 0 0 0   The machinery's original basis was $ 1 9 0 , 0 0 0 and Rhianna's accumulated depreciation on the machinery was $ 4 0 , 0 0 0 , so its adjusted basis to Rhianna was $ 1 5 0 , 0 0 0   a   What is the amount and character of the gain that Rhianna will recognize in the current year  b   Assume Rhianna had a net 1 2 3 1 loss of $ 1 , 0 0 0 in 2 0 2 3   If Rhianna's marginal tax rate is 2 4   and she had no capital losses for the year, what is total tax liability related to the sale of the machinery  c   How would the answer to part b change if the property sold was real property rather than machinery

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Question: Problem 4 ( 3 0 points ) In 2 0 2 4 , Rhianna sold business machinery which she acquired in 2 0 1 9

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