This year, Sigma, Incorporated generated $656,000 income from its routine business operations. In addition, the corporation...

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This year, Sigma, Incorporated generated $656,000 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months: Accumulated Initial Basis Depreciation* Sale Price Marketable securities Production equipment Business realty: Land Building *Through date of sale. Required: $ 182,000 96,800 $ 0 77,440 $ 64,500 50,750 214,500 248,000 0 74,400 234,250 243,000 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 $188,500 rather than $64,500. 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. < Prev 5 of 6 Next > This year, Sigma, Incorporated generated $656,000 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months: Accumulated Initial Basis Depreciation* Sale Price Marketable securities Production equipment Business realty: Land Building *Through date of sale. Required: $ 182,000 96,800 $ 0 77,440 $ 64,500 50,750 214,500 248,000 0 74,400 234,250 243,000 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 $188,500 rather than $64,500. 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. < Prev 5 of 6 Next >