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Rex buys machinery in 2016 for use in his business. The cost is $1,000,000. Depreciation claimed...

Rex buys machinery in 2016 for use in his business. The cost is $1,000,000. Depreciation

claimed before sale is $680,000. The machinery is sold in 2018 for $140,000. Complete:

Total recognized gain <loss>   
Section 1231 gain <loss>
Section 1245 Recapture
Business   Accounting   
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