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How much income must usco recognize for tax purposes with

During 2015, USCO (a domestic corporation) sold equipment to a Panamanian company for $460,000 with title passing to the buyer upon delivery in Panama. USCO purchased the equipment several years ago for $400,000 and took $240,000 of depreciation deductions on the equipment, all of which was apportioned to U.S.-source income. How much income must USCO recognize for tax purposes with respect to the sale?

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Accounting Basics: How much income must usco recognize for tax purposes with

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