a c corporation gets a machine for 100000 and, Cost Accounting

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a c corporation gets a machine for 100000 and

A C corporation gets a machine for $100,000 and placed it in service on August 15, 2007. The corporation elected S corporation status at the starting of 2011. On February 13, 2012, the property was sold for $40,000, payable in four yearly installments of $10,000 plus interest. Evaluate what is the amount of ordinary income to be reported from the sale?

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Cost Accounting: a c corporation gets a machine for 100000 and

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