Required Information

Comprehenslve Problem $11-71($LO $11-1,$ LO $11-2,$ LO $11-3,$ LO $11-4,$ LO $11-5,$ LO $11-6)($Algo$)$

$[$The following infometion spplles to the questions alsplayed below.$]$

Mosb lincorporsted mon ufactures and diatributes high$-$tech bilding gadigets. It has decided to streamine some of its

operstions so that it will be sble to be more productive and efficient. Becsuse of this decialon it has entered into seversl

transsctions during the year

a$.$ Mosb lincorporsted sold a machine that it used to make computerized godgets for $$29,400cssh.$ It ariginolly bought

the machine for $$20,600$ three years sgo and has taken $$9,000$ in depreciation.

b$.$ Mosb lncorporsted held stock In ABC Corporston, which hed s volue of $$9,000st$ the beginning of the year Thet

same stock had o vslue of $$22,230$ st the end of the year.

c$.$ Mosb incorporsted sold some of its inventory for $$8,400$ cssh$.$ This inventory had a bas's of $$5,000.$

d$.$ Mosb incorporsted disposed of an affice bulding with s filr market volue of $$92,000$ for another affice bulleing with s

falr market vslue of $$60,600$ snd $$21,400$ in cssh$.$ It ariginslly bought the affice bulding aeven years sgo for $$69,000$

and has taken $$15,000$ in depreciation.

e$.$ Mosb lincorporsted sold some lend he'd for inveatment for $$42000.$ It originaly bought the lend for $$43,200$ two years

$3$ ogo.

f Mosb lncorporsted sold another mschine for s note psyoble in four snnusil installments of $$15,500.$ The first psyment

was recelved in the current year. It originslly bought the mochine two yeara sgo for $$46,000$ and has claimed $$9700$ in

deprecistion expense againat the machine.

Mosb lincorporsted sold stock it heid for eight years for $$3,450.$ It ariginsly purchased the stock for $$2,450.$

h$.$ Mosb lncorporsted sold another machine for $$9,700.$ It originally purchased this machine abc montha sgo for $$9,700$

and has cisimed $$930$ in depreciotion expenae sgoinst the saset

Comprehenslve Problem $11-71$ Part $(3)($Algo$)$

Complete Mosb Incorporsted's Form $4797$ for the year $2023.$