Business, 03.09.2019 19:10 hann647

Samson corporation sold the following during the year: two delivery trucks purchased in march 2016 for $78,000 are sold in june for $70,000 land used for storage for 5 years sold for $400,000 that had a basis of $80,000 machines with a basis of $200,000 are sold for $75,000 to obtain newer models. a building purchased 8 years ago for $350,000 is sold for $425,000 with an adjusted basis of $300,000 due to depreciation. what is the character and amount of gain or loss recognized? put your response in excel.

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