| LO 10-1 | Calculate the amount of gain or loss recognized on the
disposition of assets used in a trade or business.
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| LO 10-2 | Describe the general character types of gain or loss
recognized on property dispositions.
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| LO 10-3 | Explain the rationale for and calculate depreciation recapture.
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| LO 10-4 | Describe the tax treatment of unrecaptured §1250 gains and
determine the character of gains on property sold to related
parties.
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| LO 10-5 | Describe the tax treatment of §1231 gains or losses, including
the §1231 netting process.
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| LO 10-6 | Explain common exceptions to the general rule that realized
gains and losses are recognized currently.
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