arodkey0319 arodkey0319

19-01-2023
Mathematics

Answered

In 2022, Skylar sold equipment for $99,800 cash and a $998,000 note due in two years. Skylar's cost of the property was $798,400, and he had deducted depreciation of $479,040.

How much gain can be deferred under the installment sale method?

Answer :

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