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Need it ASAP PLEASE Two months ago, Dawes Incorporated broke...

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Accounting

Need it ASAP PLEASE
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Two months ago, Dawes Incorporated broke a mult-year lease on office space that it had occupied for four years. Three years ago, Dawes paid $85,300 to install carpeting and new electrical fixtures throughout the office. Accumulated depreciation through the date that Dawes vacated the office was $51,000. What is the tax consequence of Dawes abandonment of the carpeting and fixtures? Mulviple Choice Dawes has no tax consequence because it did not sell or exchange these assets. 534.700 capital lost 534,300 ordinary lose. $34300 section 12311015

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