Exercise 17-24 (Algorithmic) (LO, 3) Jacob purchased business equipment for $105,300 in 2018 and has...
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Exercise 17-24 (Algorithmic) (LO, 3) Jacob purchased business equipment for $105,300 in 2018 and has taken $63,180 of regular MACRS depreciation. Jacob se the equipment in 2021 for $47,385. What is the amount and character of Jacob's gain or loss? If an amount is zero, enter " 0 ". Jacob has 51245 gain of $ and $1231 gain of $
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