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Why is a depreciable asset that was held 12 months or less when it was sold not a Section 1231 asset?
Why is a depreciable asset that was held 12 months or less when it was sold not a Section 1231 asset?
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Assets eligible for the preferential treatment under Section 1231 include Depreciable asset or real property used in a trade or business that is held ...
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
