Depreciation deductions, During the current year, Hugo

Depreciation deductions

Reference no: EM1358765

During the current year, Hugo sells equipment for $150,000, which it placed in service in 2009. The equipment cost $175,000, and $55,000 of depreciation deductions was allowed. The results of the sale are

A. LTCG of $30,000.

B. Sec. 1231 gain of $30,000.

C. Sec. 1245 ordinary income of $30,000.

D. Sec. 1250 ordinary income of $30,000.

Reference no: EM1358765

Questions Cloud

Seeking parkingson disease : What treatments did Muhommed Ali seek for his Parkingson's disease?

Explain innovation strategy : Explain Innovation strategy and How would you revise the innovation strategy for this company

Write a report on t linux kernel programming : Write a report on t Linux Kernel programming. Giving a brief introduction about Linux in general, then give in details information about Linux Kernel Programming.

Find various stakeholders in publicly traded corporation : Determine who are the various stakeholders in a publicly traded corporation, and why is communication of financial reports important to them?

Depreciation deductions : During the current year, Hugo sells equipment for $150,000, which it placed in service in 2009. The equipment cost $175,000, and $55,000 of depreciation deductions was allowed. The results of the sale are

Wal-mart vs target : Wal-Mart is not as cheap as the organization wants customers to believe. I prefer to shop at Target. Target has some of the same products at a cheaper price.

Research both legacy and voip telecommunications : Research both legacy and VoIP telecommunications. Determine which one is more secure and why.Define what it is and how it will be used in the telecommunications model. Provide 3 sources for your ideas.

Explain how does this change alter the market rate : Elucidate the consumers opportunity set in a diagram. Explain how does this change alter the market rate of substitution between goods x and y.

Symptom reduction for management : What are common symptoms associated with Parkinson's. What are the rates of symptom reduction for management as reported with the three treatments. Based on your research, how would you treat this condition?

User Account

All Pages