Zeke's zipline adventures sold a bus used in the business for $16,000. zeke's original cost of the bus was $15,000 and the adjusted basis at the time of sale was $13,600. zeke received $4,000 at the time of sale. he will receive $8,000 next year and the remaining $4,000 in the following year.
how much gain will zeke recognize in the current year?
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Zeke's zipline adventures sold a bus used in the business for $16,000. zeke's original cost of the b...
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