**QUESTION**

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Firm OCS sold business equipment with a $29,000 initial cost basis and $15,415 accumulated tax depreciation. In each of the following cases, compute OCS’s recaptured ordinary income and Section 1231 gain or loss on sale. (Losses should be indicated with a minus sign. Leave no cell blank. Enter "0" for cells that do not have an amount.)

- Amount realized was $11,800.
- Amount realized was $14,200.
- Amount realized was $19,300.
- Amount realized was $33,300.

Firm OCS sold business equipment with a $\$ 29,000$ initial cost basis and $\$ 15,415$ accumulated tax depreciation. In each of the following cases, compute OCS's recaptured ordinary income and Section 1231 gain or loss on sale. (Losses should be indicated with a minus sign. Leave no cell blank. Enter "0" for cells that do not have an amount.) a. Amount realized was $\$ 11,800$. b. Amount realized was $\$ 14,200$. c. Amount realized was $\$ 19,300$. d. Amount realized was $\$ 33,300$. \begin{tabular}{|l|l|} \hline & \\ \hline a. & Recaptured ordinary income of \\ \hline & Section 1231 gain or (loss) \\ \hline b. & Recaptured ordinary income of \\ \hline & Section 1231 gain or (loss) \\ \hline c. & Recaptured ordinary income of \\ \hline & Section 1231 gain or (loss) \\ \hline d. & Recaptured ordinary income of \\ \hline & Section 1231 gain or (loss) \\ \hline \end{tabular}