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ABC Farm purchased a tractor for $18.000 in 2015 and used the tractor in business operations for the past five years. The acumulated depreciation for

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ABC Farm purchased a tractor for $18.000 in 2015 and used the tractor in business operations for the past five years. The acumulated depreciation for the tractor as of 1/1/2020 was $12,000. Ac Farm decided to sell the actor for 58.750 91/2020. Calculate the amount and character of the gainos which Aucam will recone on the sale of the tractor in 2020 $2.750 gain, which ordinary in character 51.250 Section 12110, which is capital in character $2750 Section 12, which will be taxed the preferential for forte capital 49350 Section 1231, widionis ordinary in characte 10. ABC Farm purchased a tractor for $18.000 in 2015 and used the tractor in business operations for the past five years. The acumulated depreciation for the tractor as of 1/1/2020 was $12,000. Ac Farm decided to sell the actor for 58.750 91/2020. Calculate the amount and character of the gainos which Aucam will recone on the sale of the tractor in 2020 $2.750 gain, which ordinary in character 51.250 Section 12110, which is capital in character $2750 Section 12, which will be taxed the preferential for forte capital 49350 Section 1231, widionis ordinary in characte 10

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