On July 1,2014,DJ sold equipment used in her business and reported the gain using the installment method.Her adjusted basis in the equipment was $150,000.The equipment was subject to $30,000 of depreciation recapture.DJ sold the property for $250,000,with $100,000 due on the date of the sale and $150,000 (plus interest at the Federal rate)due on August 1,2015.What is the amount of gain recognized in 2014?

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The Answer of On July 1,2014,DJ sold equipment used in her business and reported the gain using the installment method.Her adjusted basis in the equipment was $150,000.The equipment was subject to $30,000 of depreciation recapture.DJ sold the property for $250,000,with $100,000 due on the date of the sale and $150,000 (plus interest at the Federal rate)due on August 1,2015.What is the amount of gain recognized in 2014?

On July 1,2014,DJ Sold Equipment Used in Her Business and Reported