Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $51,800 with an adjusted basis

Question

3 years ago

12

Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $51,800 with an adjusted basis

of $31,080 for $34,188. Later in the year, Lena sold another piece of equipment purchased two years ago with an adjusted basis of $15,540 for $10,101. What are the tax consequences of these tax transactions

Business

1 answer:

Advocard [28] · Answer 1 · 2022-08-21T14:09:11+03:00

Advocard [28]3 years ago

7 0

I don’t know but good luck