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Sumner sold equipment that it uses in its business

29/04/2021 Client: muhammad11 Deadline: 2 Day

Raven Corporation owns three machines that it uses in its business. It no longer needs two of these machines and is considering distributing them to its two shareholders as a property dividend. The machines have a fair market value of $20,000 each. The basis of each machine is as follows: A, $27,000; B, $20,000; and C, $12,000. Raven has asked you for advice. What do you recommend?

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