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4. Which of the following are Section 1231 assets? Explain. Assume all the items have been held long-term.. Machinery used in the business Personal home

4. Which of the following are Section 1231 assets? Explain. Assume all the items have been held long-term.. Machinery used in the business Personal home Factory building Land held as an investment Land used in a business Shares of stock in Jones Corporation Inventory Musical composition held by the composer

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