Page 1 of 1

Ashyria sold a rental house that she owned for $250,000. Ashyria bought the rental house five years ago for $225,000 and

Posted: Sun Apr 10, 2022 8:28 am
by answerhappygod
Ashyria Sold A Rental House That She Owned For 250 000 Ashyria Bought The Rental House Five Years Ago For 225 000 And 1
Ashyria Sold A Rental House That She Owned For 250 000 Ashyria Bought The Rental House Five Years Ago For 225 000 And 1 (36.77 KiB) Viewed 43 times
Ashyria sold a rental house that she owned for $250,000. Ashyria bought the rental house five years ago for $225,000 and has claimed $50,000 of depreciation expense. What is the amount and character of Ashyria's gain or loss? O $25,000 ordinary and $50,000 unrecaptured $1250 gain. O $25,000 $1231 gain and $50,000 unrecaptured $1250 gain. O $25,000 capital and $50,000 ordinary gain. O $75,000 ordinary gain.