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Title: In 1984, Louisiana.Corporation purchased an office building for $400,000 for use in its business. ... Post by: Sheena Maskell on Jan 9, 2017 In 1984, Louisiana.Corporation purchased an office building for $400,000 for use in its business. The building is sold during the current year for $520,000. Total depreciation allowed for the building was $300,000; straight-line would have been $220,000. As result of the sale, how much section 1231 gain must Louisiana report?
A) $220,000 B) $296,000 C) $300,000 D) $420,000 Title: Re: In 1984, Louisiana.Corporation purchased an office building for $400,000 for use in its ... Post by: MsLippy on Jan 9, 2017 Content hidden
Title: Re: In 1984, Louisiana.Corporation purchased an office building for $400,000 for use in its business. ... Post by: Sheena Maskell on Mar 20, 2017 Really helped
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