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(9) Which of the following is FALSE about the sale of an entire business in an installment sale? A) Any depreciation recapture income from the
(9) Which of the following is FALSE about the sale of an entire business in an installment sale? |
A) Any depreciation recapture income from the sale of depreciable property cannot be reported on the installment method. |
B) Assets sold at a loss cannot be reported using the installment method. |
C) Disposition of intangible property cannot be reported using the installment method. |
D) Disposition of real and personal property can be reported on the installment method but inventory sales cannot. |
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