Billy bob bought depreciable business equipment for 220000, Finance Basics

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Billy bob bought depreciable business equipment for 220000

Question: Billy Bob bought depreciable business equipment for $220,000 and took $190,000 in MACRS depreciation. The ADS straight line depreciation over the same period would have been $30,000. Billy Bob sold the machine for $180,000.

a. Compute the realized gain/loss on the sale of the machine.

b. Compute the IRC Section 1245 recapture on the sale.

c. Compute the Section 1250 recapture.

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Finance Basics: Billy bob bought depreciable business equipment for 220000

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Finance Basics: Billy bob bought depreciable business equipment for 220000

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