On June 1,2013,Buffalo Corporation Purchased and Placed in Service 7-Year

question 71

Essay

On June 1,2013,Buffalo Corporation purchased and placed in service 7-year MACRS tangible property costing $100,000.On November 10,2016,Buffalo sold the property for $102,000 after having taken MACRS $47,525 in depreciation deductions.What is the amount and character of Buffalo's gain?

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Definitions:

Disability as Deviance

A perspective that views disability through the lens of social deviance, focusing on the ways in which society constructs disability as a form of departure from the norm.

Rite of Passage

A ceremony or ritual signifying the transition from one phase of life to another, such as adolescence to adulthood.

Disability Dysphoria

The distress or dissatisfaction that may occur when an individual's physical or mental disabilities conflict with their desires, ideals, or societal pressures.

Ableism

Discrimination or social prejudice against people with disabilities, valuing able-bodied individuals above those with disabilities.