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30) Which of the following is true regarding depreciation recapture? A) Changes the character of a loss. B) Changes the character of a gain. C)

30) Which of the following is true regarding depreciation recapture?

A) Changes the character of a loss.

B) Changes the character of a gain.

C) Changes the amount of a gain.

D) Only applies to ordinary assets.

E) None of the choices are correct.

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