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ABC Co. sold equipment used for their business for $115,000. They purchased the equipment for $150,000. The equipment has a basis of $0. What is

ABC Co. sold equipment used for their business for $115,000. They purchased the equipment for $150,000. The equipment has a basis of $0.

What is the recognized business transaction result?

a) 100% Recognized

b) Partially Recognized

c) 100% Deferred

d) 100% Excluded

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