A C corp acquired a machine for 10000 in 2002 The corp elected S corp status in 2006. On 2007 the property was sold for 4000 payable in 4 year.W is the amount of ordinary income to be reported sale?

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A C corp acquired a machine for 10000 in 2002 The corp elected S corp status in 2006. On 2007 the property was sold for 4000 payable in 4 year.W is the amount of ordinary income to be reported sale? resources

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