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Two years ago Maxine purchased a computer (five-year property) for use in her business at...

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Accounting

Two years ago Maxine purchased a computer (five-year property) for use in her business at a cost of $12,000. Cost recovery deductions totaled $7,000. The computer was sold for $8,000. What is the amount of the gain, if any, that must be recaptured as ordinary income? A. $3,000 B. $6,000 C. $7,000 D. $0

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