.9 Kendra had a realized gain from sale of business machinery she has held for 3 years. The gain exceeded the total accumulated depreciation. Some of the gain will receive Sec. 1231 treatment. ut of Select one: O True False 7 10 Juan purchased land for his business. He placed it in service on 3/1/2020 and sold it on 12/1/2020. The gain on the land is a Section 1231 gain. d ut of Select one: True O False