In January of current year, Wanda transferred machinery FMV $200,000 AB $30,000 to controlled corporation....
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Accounting
In January of current year, Wanda transferred machinery FMV $ AB $ to controlled corporation. Oriole, In a sec transfer. Wanda deducted depreclation on the
machinery in the amount of $ when she held it as a sole proprletor. Later during the year, Oriole sells the machinery for $ What are the tax consequences to Wanda and
Oriole on the sale of the machinery?
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