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In 2022 , Skylar sold equipment for $20,000 cash and a $300,000 note due in...

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Accounting

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In 2022 , Skylar sold equipment for $20,000 cash and a $300,000 note due in two years. Skylar's cost of the property was $250,000, and he had deducted depreciation of $150,000. a. Under the installment sales method, what is Skylar's total realized gain? $ b. In the year of sale, how much 1245 gain does Skylar recognize? $x How much gain can be deferred under the installment sale method? x

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