Dender Company sold business equipment with a $386,000 initial cost basis and $171,000 accumulated tax depreciation.

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Dender Company sold business equipment with a $386,000 initial cost basis and $171,000 accumulated tax depreciation. Compute Dender’s recaptured ordinary income and Section 1231 gain or loss recognized if the amount realized on sale was?a. $200,000b. $300,000c. $400,00

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