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A sole proprietor of a farm implement store sold a truck for $15,000 that had been used to make service calls. The truck cost $30,000
A sole proprietor of a farm implement store sold a truck for $15,000 that had been used to make service calls. The truck cost $30,000 three years ago, and $21,360 depreciation was taken. What is the appropriate classification of the $6,360 gain for tax purposes?
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